USDJPY Asia briefing — 2026-08-12

BIAS NEUTRAL. RSI overbought at 70.37 conflicts with bullish D1 structure; H4/H1 EMA divergence signals momentum exhaustion despite directional bias. KEY LEVELS R: 159.5, 164.08 | S: 159.0, 155.25 NEWS 🔴 CPI MoM (USD) Wed 12:30 UTC 🟡 MBA Applications (USD) Wed 11:00 UTC 🟡 M2+CD YoY (JPY) Tue 23:50 UTC SESSION OUTLOOK Watch CPI reaction for USD strength confirmation. Overbought conditions may cap upside; support holds near 159.0 critical.

Key Levels

R: 159.500 · 164.088

S: 159.000 · 155.251