USDJPY London briefing — 2026-05-12

BIAS BULLISH — H1 EMA bullish overrides neutral D1; RSI neutral supports continuation above 157.40. KEY LEVELS R: 157.5, 160.72 | S: 157.00, 155.08 NEWS 🔴 CPI MoM (USD) 12:30 UTC 🟡 ADP Employment 4-week avg 12:15 UTC 🟡 NFIB Business Optimism 10:00 UTC SESSION OUTLOOK CPI inflation data at 12:30 UTC drives USD direction. Watch 157.5 resistance; break triggers 160.72 target. Pullback to 157 support offers continuation entry. PRO UNLOCKS Entry 157.65 | SL 157.12 | TP1 158.90 | TP2 160.72 | FVG 157.20–157.35

Key Levels

R: 157.500 · 160.716

S: 157.000 · 155.080