USDJPY New York briefing — 2026-05-11

BIAS BEARISH — D1 structure overrides H1 bullish EMA; RSI neutral supports downside potential from 157.10. KEY LEVELS R: 157.5, 160.7163 | S: 157, 155.08038 NEWS 🟡 Existing Home Sales Change (MoM) 14:00 UTC 🟡 3-Month Bill Auction 15:30 UTC SESSION OUTLOOK Soft housing data may pressure USD. Watch 157 support; break below confirms bearish continuation toward 155.08. PRO UNLOCKS Entry 156.75 | SL 157.65 | TP1 156.20 | TP2 155.08 | FVG 156.50–156.90 | Liquidity sweep 157.5 | Fib 61.8% = 155.42

Key Levels

R: 157.500 · 160.716

S: 157.000 · 155.080