USDJPY London briefing — 2026-10-02

BIAS BEARISH. D1 structure + H4/H1 EMA alignment and H1 fair value gaps drive downside conviction despite neutral RSI. KEY LEVELS R: 158.00, 159.03 | S: 157.50, 152.91 NEWS 🔴 Average Hourly Earnings (MoM/YoY) – Fri 02 Oct 12:30 UTC 🟡 Average Weekly Hours – Fri 02 Oct 12:30 UTC SESSION OUTLOOK NFP data at London mid-session risks sharp moves. Watch 158 resistance; break below 157.50 confirms bias continuation into US hours.

Key Levels

R: 158.000 · 159.029

S: 157.500 · 152.908