USDJPY London briefing — 2026-06-05

BIAS BULLISH. EMA alignment (H4/H1) + daily structure confirm upside bias; RSI neutral avoids overbought confirmation but doesn't negate the trend. KEY LEVELS R: 160.09706, 160.0 | S: 159.5, 158.51892 NEWS 🔴 Average Hourly Earnings MoM (USD) – 12:30 UTC 🔴 Average Hourly Earnings YoY (USD) – 12:30 UTC 🟡 Average Weekly Hours (USD) – 12:30 UTC SESSION OUTLOOK London opens near 160 resistance. US jobs data at 12:30 UTC will spike volatility; strong earnings could push above 160, weak data may trigger pullback to 159.5. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity sweep, Fibonacci

Key Levels

R: 160.000 · 160.097

S: 159.500 · 158.519