USDJPY Asia briefing — 2026-07-31

BIAS NEUTRAL. RSI deeply oversold (19.68) signals bounce potential, but H1 bearish EMA and daily structure conflict. No clear directional edge until momentum breaks one way. KEY LEVELS R: 160.00, 164.09 | S: 159.50, 157.95 NEWS 🟡 Industrial Production MoM/YoY (JPY) – Thu 23:50 UTC 🟡 Large Retailer Sales (JPY) – Thu 23:50 UTC SESSION OUTLOOK Watch Asia's open for recovery attempt off 159.50. Data drops late-session; use volatility to confirm direction into Friday.

Key Levels

R: 160.000 · 164.088

S: 159.500 · 157.947