USDJPY London briefing — 2026-09-16

BIAS BEARISH. Daily structure bearish; H1 EMA bullish conflicts with H4 neutral and RSI neutral, but D1 dominance favors downside. KEY LEVELS R: 155.5, 160.40 | S: 155.0, 152.38 NEWS 🟡 MBA Mortgage Applications (11:00 UTC) 🟡 Export Price Index MoM/YoY (12:30 UTC) SESSION OUTLOOK Low-impact data likely contained. Watch 155 support hold; break below targets 152.38. Divergence resolution needed.

Key Levels

R: 155.500 · 160.405

S: 155.000 · 152.379