USDJPY London briefing — 2026-10-14

BIAS BULLISH. D1 structure, H4 EMA, and combined trend vote drive upside; H4 fair value gaps support continuation despite H1 bearish FVGs. KEY LEVELS R: 158.5, 159.03 | S: 158.00, 155.32 NEWS 🔴 CPI MoM (USD) 12:30 UTC 🟡 Bowman speech (USD) 09:40 UTC 🟡 MBA Mortgage Apps 11:00 UTC SESSION OUTLOOK CPI print is critical volatility trigger. Watch price reaction near 158.5 resistance; hold above 158 support to maintain bullish structure into London close.

Key Levels

R: 158.500 · 159.029

S: 158.000 · 155.316