USDJPY Asia briefing — 2026-05-21

BIAS BULLISH — D1 structure dominates despite H1 neutrality; H4 confirmation supports upside conviction. KEY LEVELS R: 159.24221, 159.00 | S: 158.50, 155.08038 NEWS 🟡 Adjusted Merchandise Trade Balance (JPY) — Wed 23:50 UTC 🟡 Exports YoY (JPY) — Wed 23:50 UTC 🟡 Foreign Bond Investment (JPY) — Wed 23:50 UTC SESSION OUTLOOK Asia session favors range consolidation near 158.89. Watch late-session Japanese data for breakout catalyst toward 159.24. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity sweeps, Fibonacci targets → unlock with Pro

Key Levels

R: 159.000 · 159.242

S: 158.500 · 155.080