USDJPY Asia briefing — 2026-05-11

BIAS BEARISH — D1 structure confirms downtrend despite neutral RSI; H4 EMA bearish overrides H1 divergence. KEY LEVELS R: 157, 160.72 | S: 156.5, 155.08 NEWS 🟡 Existing Home Sales MoM (USD) 14:00 UTC 🟡 Existing Home Sales Change (USD) 14:00 UTC 🔴 3-Month Bill Auction (USD) 15:30 UTC SESSION OUTLOOK Asia session may consolidate near 156.87 ahead of US housing data. Medium event risk at 14:00 UTC could trigger volatility toward support. PRO UNLOCKS Entry: 156.5 breach | SL: 157.2 | TP1: 155.5 | TP2: 154.8 | FVG: 156.2–156.6

Key Levels

R: 157.000 · 160.716

S: 156.500 · 155.080