USDJPY London briefing — 2026-08-26

BIAS BEARISH. H4 EMA bearish despite neutral RSI and D1 structure creates hesitation, but hourly setup supports downside continuation into London. KEY LEVELS R: 159.5, 159.78 | S: 159.0, 156.76 NEWS 🔴 Core PCE MoM/YoY — Wed 12:30 UTC (USD strength risk) 🟡 MBA Mortgage Apps — Wed 11:00 UTC SESSION OUTLOOK Core PCE at London mid-session may trigger USD volatility. Watch 159.5 rejection; break below 159.0 targets 156.76.

Key Levels

R: 159.500 · 159.782

S: 159.000 · 156.759