USDJPY London briefing — 2026-09-22

BIAS BULLISH. Bullish D1 + H4/H1 EMA confluence, bullish H4/H1 fair value gaps, and bullish trend vote drive this bias despite RSI overbought at 73.4. KEY LEVELS R: 158.00, 158.97 | S: 157.50, 152.38 NEWS 🟡 ADP Employment Change 4-week average (Tue 12:15 UTC) 🟡 Redbook Index YoY (Tue 12:55 UTC) 🟡 Richmond Fed Manufacturing (Tue 14:00 UTC) SESSION OUTLOOK London session sees medium-impact US data risk. Watch 158.00 resistance and 157.50 support for reaction into cash open.

Key Levels

R: 158.000 · 158.967

S: 157.500 · 152.379