USDJPY London briefing — 2026-09-23

BIAS BULLISH. Combined D1+H4+H1 trend votes and bullish fair value gaps on H4/H1 drive conviction despite neutral RSI(14). KEY LEVELS R: 158.00, 158.02 | S: 157.50, 152.38 NEWS 🔴 S&P Global Manufacturing PMI (USD) Wed 13:45 UTC 🟡 S&P Global Composite PMI (USD) Wed 13:45 UTC 🔴 MBA Mortgage Applications (USD) Wed 11:00 UTC SESSION OUTLOOK Manufacturing PMI volatility expected mid-session. Watch 158.00 resistance for breakout confirmation on bullish structure.

Key Levels

R: 158.000 · 158.024

S: 157.500 · 152.379