USDJPY London briefing — 2026-09-30

BIAS BEARISH. H4 and H1 EMAs aligned downward; H4 and H1 fair value gaps bearish; D1 trend vote confirms despite bullish structure. KEY LEVELS R: 157, 159.03 | S: 156.50, 152.91 NEWS 🔴 ADP Employment Change (Wed 12:15 UTC) 🔴 Core PCE MoM (Wed 12:30 UTC) 🟡 MBA Mortgage Applications (Wed 11:00 UTC) SESSION OUTLOOK ADP and PCE dominate London. Watch for USD volatility spike around 12:15–12:30 UTC; bearish bias vulnerable if data surprises strong.

Key Levels

R: 157.000 · 159.029

S: 156.500 · 152.908