USDJPY Asia briefing — 2026-10-16

BIAS BEARISH. D1 trend, H4 EMA, and H1 EMA alignment override neutral RSI and bullish liquidity sweep; H4 fair value gaps reinforce downside. KEY LEVELS R: 158.5, 159.03 | S: 158.0, 156.38 NEWS 🔴 Fed Chair Warsh speech (USD) — Fri 16 Oct 03:30 UTC SESSION OUTLOOK Watch for Asian weakness into Fed speech risk. Liquidity sweep of lows may trigger shorts targeting 158 support before dollar moves.

Key Levels

R: 158.500 · 159.029

S: 158.000 · 156.383