USDJPY London briefing — 2026-09-11

BIAS BEARISH — D1 structure bearish; H4 EMA bearish supports downside, though H1 neutral and RSI(14) mid-range 45.28 show weakening conviction. KEY LEVELS R: 154.5, 160.40 | S: 154.0, 152.91 NEWS 🔴 CPI MoM (USD) Fri 12:30 UTC 🔴 CPI YoY (USD) Fri 12:30 UTC 🟡 CPI Core s.a (USD) Fri 12:30 UTC SESSION OUTLOOK US inflation data at London open will dominate direction. Soft print may extend yen strength toward 152.91; hot print risks 154.5 resistance test.

Key Levels

R: 154.500 · 160.405

S: 154.000 · 152.908