USDJPY Asia briefing — 2026-10-21

BIAS BULLISH. D1+H4+H1 trend vote combined with H4 fair value gaps override neutral RSI and bearish H1 FVGs. KEY LEVELS R: 159.03, 158.50 | S: 158.00, 156.38 NEWS 🟡 Merchandise Trade Balance (JPY) – Tue 20 Oct 23:50 UTC 🟡 Exports YoY (JPY) – Tue 20 Oct 23:50 UTC 🟡 Imports YoY (JPY) – Tue 20 Oct 23:50 UTC SESSION OUTLOOK Asia session opens near 158.29. Watch Japan trade data at 23:50 UTC for directional confirmation. H4 bullish structure targets 159.03 if H1 consolidation holds above 158.00.

Key Levels

R: 158.500 · 159.029

S: 158.000 · 156.383