USDJPY New York briefing — 2026-05-07

BIAS BEARISH. D1 structure + aligned H4/H1 EMAs confirm downside; RSI neutral avoids overbought trap. KEY LEVELS R: 156.5, 160.7163 | S: 156, 155.08038 NEWS 🟡 Construction Spending MoM (14:00 UTC) 🟡 EIA Natural Gas Storage (14:30 UTC) SESSION OUTLOOK Low-impact data may allow bears to probe 156 support. Watch for liquidity sweeps near New York open if volatility picks up. PRO UNLOCKS [Entry 155.85 | SL 156.8 | TP1 155.5 | TP2 154.2 | FVG 156.1–156.3 | Liquidity sweep 160.5]

Key Levels

R: 156.500 · 160.716

S: 156.000 · 155.080