USDJPY London briefing — 2026-08-31

BIAS BULLISH — Daily structure bullish, RSI neutral at 40 supports upside potential without overbought risk; H4/H1 EMAs divergent but not conflicting the primary bias. KEY LEVELS R: 160.00, 160.24 | S: 159.50, 158.04 NEWS 🟡 Dallas Fed Manufacturing (14:30 UTC) 🟡 3M & 6M Bill Auctions (15:30 UTC) SESSION OUTLOOK Watch 160 resistance in early London; bill auctions may trigger USD volatility. Low-impact data keeps risk controlled for upside probes.

Key Levels

R: 160.000 · 160.237

S: 159.500 · 158.036