USDJPY Asia briefing — 2026-08-07

BIAS BEARISH. H4 EMA bearish, D1 neutral, RSI 57.54 mid-range. H1 divergence creates caution, but lower timeframe trend tilts downside. KEY LEVELS R: 158.5, 164.08805 | S: 158, 155.25118 NEWS 🔴 JP Foreign Reserves Thu 23:50 UTC 🔴 Coincident Index Fri 05:00 UTC 🔴 Leading Economic Index Fri 05:00 UTC SESSION OUTLOOK Watch for weakness into low Japanese data releases. 158 support critical; breach triggers acceleration lower toward 155.25.

Key Levels

R: 158.500 · 164.088

S: 158.000 · 155.251