USDJPY London briefing — 2026-08-04

BIAS BEARISH — D1 structure bearish; H4 EMA bearish supports downside; RSI neutral (43.37) offers no resistance to selling momentum. KEY LEVELS R: 158.00 | S: 157.50, 155.25 NEWS 🟡 Goods/Services Trade Balance (USD) — Tue 12:30 UTC 🟡 Redbook Index YoY (USD) — Tue 12:55 UTC SESSION OUTLOOK Soft US data may weigh on USD. Watch 158 resistance; break below 157.50 confirms bearish lean toward 155.25.

Key Levels

R: 158.000 · 164.088

S: 157.500 · 155.251