USDJPY Asia briefing — 2026-05-08

BIAS BEARISH — D1 structure breaks below 157, despite neutral RSI and divergent H4/H1 setup. KEY LEVELS R: 157, 160.7163 | S: 156.5, 155.08038 NEWS 🟡 Labor Cash Earnings YoY (JPY) — Thu 23:30 UTC 🟡 Jibun Bank Services PMI (JPY) — Fri 00:30 UTC 🟡 Fed Cook speech (USD) — Fri 09:45 UTC SESSION OUTLOOK Watch Asia data releases for JPY volatility; USD weakness from Cook speech could extend downside pressure toward 156.5 support. PRO UNLOCKS Entry zone, SL placement, TP1/TP2, FVG identification, liquidity sweeps, Fibonacci targets — unlock with Pro.

Key Levels

R: 157.000 · 160.716

S: 156.500 · 155.080