USDJPY Asia briefing — 2026-05-20

BIAS BULLISH — D1 structure confirmed by aligned H4/H1 EMAs; RSI neutral avoids divergence warning. KEY LEVELS R: 159.50, 159.24 | S: 159.00, 155.08 NEWS 🟡 Fed's Barr speech (Wed 07:15 UTC) 🟡 MBA Mortgage Apps (Wed 11:00 UTC) 🟡 EIA Crude Oil Stocks (Wed 14:30 UTC) SESSION OUTLOOK Watch Asia close and London open for breakout confirmation above 159.24. Barr speech may trigger volatility; monitor USD momentum. PRO UNLOCKS Entry 159.12 | SL 158.85 | TP1 159.50 | TP2 160.15 | FVG 159.18–159.35 | Liquidity sweep 159.24 resistance

Key Levels

R: 159.242 · 159.500

S: 159.000 · 155.080