USDJPY London briefing — 2026-10-09

BIAS BULLISH. D1 + H4 + H1 EMA alignment, bullish fair value gaps on both H4 and H1, and intact bullish structure drive the bias. KEY LEVELS R: 159.03, 158.50 | S: 158.00, 153.22 NEWS 🔴 Michigan Consumer Sentiment Index (Fri 14:00 UTC) 🟡 Michigan Consumer Expectations Index (Fri 14:00 UTC) 🟡 UoM 1-year Inflation Expectations (Fri 14:00 UTC) SESSION OUTLOOK London session opens with price near 158.19. Michigan data at 14:00 UTC (high impact) risks USD volatility; watch for breakout into resistance or rejection at support.

Key Levels

R: 158.500 · 159.029

S: 158.000 · 153.220