USDJPY London briefing — 2026-09-04

BIAS NEUTRAL — D1 bullish structure conflicts with H4/H1 bearish EMA alignment; RSI oversold supports bounce but not conviction above resistance. KEY LEVELS R: 156.5, 160.40 | S: 156.0, 155.30 NEWS 🔴 Average Hourly Earnings (MoM/YoY) — Fri 12:30 UTC 🟡 Average Weekly Hours — Fri 12:30 UTC SESSION OUTLOOK US jobs data at 12:30 UTC will drive direction. Watch 156.5 resistance; break above confirms bullish D1, failure keeps bears in control on shorter timeframes.

Key Levels

R: 156.500 · 160.405

S: 156.000 · 155.298