USDJPY Asia briefing — 2026-08-21

BIAS BEARISH. H4 EMA bearish while H1 neutral creates conflicting signals, but daily structure neutral + RSI 47 (midrange) support downside continuation rather than reversal. KEY LEVELS R: 159.00, 159.78 | S: 158.50, 155.25 NEWS 🟡 Jibun Manufacturing PMI (JPY) – Fri 00:30 UTC 🟡 Jibun Services PMI (JPY) – Fri 00:30 UTC 🟡 S&P Global Composite PMI (USD) – Fri 13:45 UTC SESSION OUTLOOK Asia opens with dual JPY PMIs; weak data supports weakness. Watch 158.50 hold; USD strength into London could test 159 resistance.

Key Levels

R: 159.000 · 159.782

S: 158.500 · 155.251