USDJPY New York briefing — 2026-10-16

BIAS BEARISH. Trend vote (D1+H4+H1 EMAs) and H4 fair value gaps confirm downside pressure despite neutral RSI and conflicting H1 FVGs. KEY LEVELS R: 159.03, 158.50 | S: 158.00, 156.38 NEWS 🟡 Export/Import Price Index (USD) — Fri 12:30 UTC SESSION OUTLOOK Price tests 158 support into NY open. Watch for Price Action rejection at resistance ahead of soft inflation data.

Key Levels

R: 158.500 · 159.029

S: 158.000 · 156.383