USDJPY London briefing — 2026-07-30

BIAS BULLISH. H4 EMA bullish despite H1 neutral and RSI midpoint; D1 structure neutral but not bearish. Upside bias intact until resistance fails. KEY LEVELS R: 164.08805, 164 | S: 163.5, 161.46613 NEWS 🔴 Core PCE MoM & YoY (Thu 12:30 UTC) — inflation driver 🟡 Continuing Jobless Claims (Thu 12:30 UTC) SESSION OUTLOOK London open favors consolidation above 163.5. US data at 12:30 UTC is the pivot; expect volatility into resistance 164.

Key Levels

R: 164.000 · 164.088

S: 163.500 · 161.466