USDJPY London briefing — 2026-10-30

BIAS BEARISH. Daily structure, H4 and H1 EMAs, plus bearish FVGs on both H4 and H1 timeframes drive this bias. KEY LEVELS R: 157.5, 158.96 | S: 157.0, 156.07 NEWS 🟡 Employment Cost Index (USD) 12:30 UTC 🟡 Chicago PMI (USD) 13:45 UTC 🟡 Fed's Daly speech 16:00 UTC SESSION OUTLOOK Three medium-impact US data prints and Fed commentary will test 157.5 resistance. Watch for rejection or break-through; bearish structure favors downside continuation toward 157.0.

Key Levels

R: 157.500 · 158.962

S: 157.000 · 156.069