USDJPY London briefing — 2026-09-03

BIAS BULLISH. Daily structure bullish; RSI oversold at 11.5 signals exhaustion; H4 neutral supports upside potential despite H1 bearish divergence. KEY LEVELS R: 157.00, 160.40 | S: 156.50, 156.32 NEWS 🟡 Challenger Job Cuts (USD) Thu 09:30 UTC 🟡 Fed's Waller speech (USD) Thu 12:30 UTC 🟡 Continuing Jobless Claims (USD) Thu 12:30 UTC SESSION OUTLOOK London open may test support at 156.50 before USD data catalyzes directional moves. Waller speech carries Fed-speak risk; watch for dollar reaction.

Key Levels

R: 157.000 · 160.405

S: 156.500 · 156.315