USDJPY Asia briefing — 2026-07-22

BIAS BULLISH — EMA H4/H1 aligned bullish, D1 structure bullish, but RSI 83.64 signals overbought risk; pullback likely before continuation. KEY LEVELS R: 163.25 | 163.50 | S: 163.00 | 160.60 NEWS 🟡 Adjusted Merchandise Trade Balance (JPY) — Tue 21 Jul 23:50 UTC 🟡 Exports YoY (JPY) — Tue 21 Jul 23:50 UTC 🟡 Imports YoY (JPY) — Tue 21 Jul 23:50 UTC SESSION OUTLOOK Asia opens with overbought conditions; watch for mean-reversion dip toward 163.00 support before bulls defend. Trade data release may trigger volatility. PRO UNLOCKS Entry, SL, TP1, TP2

Key Levels

R: 163.246 · 163.500

S: 163.000 · 160.601