USDJPY New York briefing — 2026-05-12

BIAS BULLISH. H1 structure bullish despite H4 neutral; D1 neutral breaks tie via hierarchy. RSI overbought warns of pullback risk. KEY LEVELS R: 158.00, 160.72 | S: 157.50, 155.08 NEWS 🟡 Redbook Index 12:55 UTC 🟡 52-Week Bill Auction 15:30 UTC 🟡 USDA WASDE 16:00 UTC SESSION OUTLOOK Watch 158 resistance; low-impact data may allow H1 momentum to extend. Overbought RSI increases correction risk into NY close. PRO UNLOCKS [Entry: 157.85 | SL: 157.30 | TP1: 158.50 | TP2: 160.20 | FVG: 157.65-157.90 | Liquidity sweep

Key Levels

R: 158.000 · 160.716

S: 157.500 · 155.080