USDJPY London briefing — 2026-08-28

BIAS NEUTRAL. H4 EMA neutral conflicts H1 bullish; RSI 58 shows no directional conviction. D1 structure neutral. No clear edge. KEY LEVELS R: 159.5, 159.78 | S: 159.0, 157.55 NEWS 🔴 Fed Chair Warsh speech 14:00 UTC 🟡 Chicago PMI 13:45 UTC 🟡 Michigan Consumer Expectations 14:00 UTC SESSION OUTLOOK Warsh speech dominates. USD volatility expected mid-London. Watch 159.5 resistance for breakout conviction before risk events.

Key Levels

R: 159.500 · 159.782

S: 159.000 · 157.554