USDJPY New York briefing — 2026-08-07

BIAS BEARISH. D1 structure + H4 EMA confirm downside; H1 neutral divergence suggests caution on aggressive shorts near support. KEY LEVELS R: 158.5, 164.09 | S: 158.0, 155.25 NEWS 🟡 Baker Hughes Oil Rig (17:00 UTC) 🟡 Consumer Credit (19:00 UTC) 🟡 CFTC JPY Positions (19:30 UTC) SESSION OUTLOOK Watch for range compression into data. Support 158.0 critical; loss breaks toward 155.25. Avoid chasing until H1 confirms directional bias.

Key Levels

R: 158.500 · 164.088

S: 158.000 · 155.251