USDJPY London briefing — 2026-06-03

BIAS BULLISH. H4/H1 EMAs aligned bullish, D1 structure higher, but RSI 82.5 signals overbought conditions—caution on continuation. KEY LEVELS R: 160.00 | S: 159.5, 158.31 NEWS 🔴 BoJ Governor Ueda speech (Wed 08:50 UTC) 🔴 ADP Employment Change (Wed 12:15 UTC) 🟡 MBA Mortgage Applications (Wed 11:00 UTC) SESSION OUTLOOK Ueda speech early-session catalyst for JPY volatility. Watch 160 resistance; overbought setup limits bullish extension unless fresh USD strength emerges post-ADP. PRO UNLOCKS Micro-structure entries, precise SL/TP grid, liquidity sweep zones, 4H-D1 confluence bias — Pro members only.

Key Levels

R: 160.000 · 160.002

S: 159.500 · 158.313