USDJPY New York briefing — 2026-11-02

BIAS BULLISH. D1 trend, H4/H1 EMA alignment, and bullish fair value gaps across H4/H1 timeframes drive conviction. KEY LEVELS R: 158.00, 158.96 | S: 157.50, 156.07 NEWS 🟡 ISM Manufacturing Employment Index (Mon 15:00 UTC) 🔴 S&P Global Manufacturing PMI (Mon 14:45 UTC) 🔴 Construction Spending MoM (Mon 15:00 UTC) SESSION OUTLOOK Watch PMI and Construction data at 14:45-15:00 UTC for volatility. Price tests resistance zones 158.00–158.96 on bullish momentum.

Key Levels

R: 158.000 · 158.962

S: 157.500 · 156.069