USDJPY New York briefing — 2026-10-23

BIAS BEARISH. Trend vote (D1+H4+H1 EMAs) combined with H4/H1 fair value gaps override the liquidity sweep of lows. KEY LEVELS R: 157.00, 158.96 | S: 156.07, 156.50 NEWS 🔴 S&P Global Manufacturing PMI (USD) – Fri 23 Oct 13:45 UTC 🔴 S&P Global Services PMI (USD) – Fri 23 Oct 13:45 UTC 🟡 S&P Global Composite PMI (USD) – Fri 23 Oct 13:45 UTC SESSION OUTLOOK PMI cluster risks downside continuation into support. Sweep creates bull trap potential; watch rejection at resistance.

Key Levels

R: 157.000 · 158.962

S: 156.500 · 156.069