USDJPY New York briefing — 2026-05-08

BIAS BEARISH. D1 structure confirms downside; H4 EMA bearish despite neutral H1 and RSI mid-range support hierarchy. KEY LEVELS R: 157.00, 160.72 | S: 156.50, 155.08 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 Michigan data risks USD strength if sentiment beats. Watch 157 resistance rejection; weak data supports lower probe toward 156.50. PRO UNLOCKS Entry zones, stop-loss placement, TP clusters, FVG liquidity pockets, Fibonacci retracements — unlock with Pro subscription.

Key Levels

R: 157.000 · 160.716

S: 156.500 · 155.080