USDJPY London briefing — 2026-09-08

BIAS NEUTRAL — RSI oversold (22.68) suggests bounce potential, but H4/H1 bearish EMAs conflict with reversal signals; D1 bearish structure dominates. No clear edge without confirmation. KEY LEVELS R: 154.00, 160.40 | S: 153.50, 152.91 NEWS 🟡 ADP Employment Change 4-week avg — 12:15 UTC 🔴 NFIB Business Optimism — 10:00 UTC 🔴 Redbook Index YoY — 12:55 UTC SESSION OUTLOOK Weak USD data (NFIB, Redbook) may pressure dollar lower; ADP at midday adds volatility. Watch 153.50 hold as sellers defend D1 bearish structure.

Key Levels

R: 154.000 · 160.405

S: 153.500 · 152.908