USDJPY Asia briefing — 2026-08-20

BIAS NEUTRAL — D1 bullish structure conflicts with H4/H1 bearish EMAs; RSI oversold supports bounce but lacks conviction direction. KEY LEVELS R: 158.5, 159.78 | S: 158, 155.25 NEWS 🟡 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 Japan data drops mid-session; watch if weak exports trigger fresh weakness or if oversold bounce finds resistance at 158.5 first.

Key Levels

R: 158.500 · 159.782

S: 158.000 · 155.251