Friday, October 16, 2026

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EUR/JPY bids noted into 139-138.80, DAX/Bunds key

EUR/JPY 141.03 overnight high failed by 141.06 Jun 4 peak; latter by channel top from Apr low Bund yield rise & DAX fall forcing short EUR FX hedges to be unwound yet Latest Greek deal offer to creditors being mulled; ga…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • EUR/JPY 141.03 overnight high failed by 141.06 Jun 4 peak; latter by channel top from Apr low

  • Bund yield rise & DAX fall forcing short EUR FX hedges to be unwound yet

  • Latest Greek deal offer to creditors being mulled; gaps exist for a can kick

  • Overbought bearish divergence on RSI now, but bids noted into 139-138.80

  • USD/JPY dive with N225 slide found support at up TrendLine off last week's low; 124.74 resistance

  • EUR/JPY weeklies need a 140.73+ close

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