USDJPY London briefing — 2026-08-07

BIAS BEARISH. Daily structure bearish; H4 EMA bearish supports downside. H1 neutral divergence flags caution near 158.5 resistance—watch for rejection. KEY LEVELS R: 158.5, 164.08805 | S: 158, 155.25118 NEWS 🔴 Average Hourly Earnings (MoM/YoY) – Fri 12:30 UTC 🟡 Average Weekly Hours – Fri 12:30 UTC SESSION OUTLOOK Earnings data injects volatility into London hours. Watch 158.5 rejection; break below 158 confirms lower bias toward 155.25.

Key Levels

R: 158.500 · 164.088

S: 158.000 · 155.251