USDJPY London briefing — 2026-09-02

BIAS BULLISH. Daily structure supports upside despite neutral hourly EMAs and RSI at 41—price holding above 159.5 support confirms the bias. KEY LEVELS R: 160.00, 160.40 | S: 159.50, 158.04 NEWS 🔴 ADP Employment Change, Wed 12:15 UTC 🟡 Factory Orders MoM, Wed 14:00 UTC 🔴 MBA Mortgage Applications, Wed 11:00 UTC SESSION OUTLOOK ADP at London close will drive volatility. Watch 160 resistance; break above opens 160.40. Below 159.50 risks daily bias invalidation.

Key Levels

R: 160.000 · 160.405

S: 159.500 · 158.036