USDJPY London briefing — 2026-08-12

BIAS NEUTRAL — RSI overbought (71.1) conflicts with H4 neutral and H1 bullish signals; D1 bullish structure alone insufficient to override divergence. KEY LEVELS R: 159.5, 164.09 | S: 159.0, 155.25 NEWS 🔴 CPI MoM/YoY (USD) 12:30 UTC — High impact 🟡 MBA Mortgage Applications 11:00 UTC — Low impact SESSION OUTLOOK CPI print drives volatility; watch rejection at 159.5 or breakdown below 159 support. Overbought conditions favor pullbacks over extensions.

Key Levels

R: 159.500 · 164.088

S: 159.000 · 155.251