USDJPY London briefing — 2026-09-29

BIAS BULLISH. Daily structure and combined H4/H1/D1 trend vote override neutral RSI and bearish fair value gaps. KEY LEVELS R: 157.5, 160.40 | S: 157.0, 152.91 NEWS 🟡 Fed's Musalem (11:30 UTC) 🟡 Housing Price Index (13:00 UTC) SESSION OUTLOOK Fed commentary may drive USD strength into London. Watch 157.5 for breakout confirmation or FVG rejection.

Key Levels

R: 157.500 · 160.405

S: 157.000 · 152.908