USDJPY London briefing — 2026-07-02

BIAS BULLISH. Daily structure supports upside despite neutral H1/H4 EMAs; RSI at 34.89 shows room to run without overbought constraint. KEY LEVELS R: 162.0, 162.84 | S: 161.5, 159.45 NEWS 🔴 Average Hourly Earnings (MoM/YoY) — Thu 02 Jul 12:30 UTC 🟡 Average Weekly Hours — Thu 02 Jul 12:30 UTC SESSION OUTLOOK US labor data at London midday could trigger volatility. Watch 162.0 rejection or break; support holds 161.5 as baseline. PRO UNLOCKS Entry zones, SL/TP placement, liquidity sweeps, Fib confluences, FVG targets — unlock with Pro.

Key Levels

R: 162.000 · 162.845

S: 161.500 · 159.452