USDJPY New York briefing — 2026-08-20

BIAS BEARISH. H4/H1 EMAs aligned downward despite bullish D1 structure; RSI neutral at 41.36 supports lower probability rally into resistance. KEY LEVELS R: 159.00, 159.78 | S: 158.50, 155.25 NEWS 🟡 Fed's Musalem speech (15:10 UTC) 🔴 EIA Natural Gas Storage (14:30 UTC) 🔴 4-Week Bill Auction (15:30 UTC) SESSION OUTLOOK Musalem speech may trigger USD volatility. Watch 158.50 hold; break below confirms downtrend momentum toward 155.25.

Key Levels

R: 159.000 · 159.782

S: 158.500 · 155.251