USDJPY Asia briefing — 2026-10-28

BIAS NEUTRAL. H4 EMA bullish diverges from D1 bearish structure; H1/H4 FVGs conflict (bullish vs bearish). KEY LEVELS R: 158.00, 158.96 | S: 157.50, 156.07 NEWS 🟡 MBA Mortgage Applications (USD) Wed 11:00 UTC 🟡 Goods Trade Balance (USD) Wed 12:30 UTC 🟡 Wholesale Inventories (USD) Wed 12:30 UTC SESSION OUTLOOK Asia session lacks directional conviction. Watch 157.50–158.00 range; USD data at London open may trigger breakout or consolidation.

Key Levels

R: 158.000 · 158.962

S: 157.500 · 156.069