Friday, October 16, 2026

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EUR/JPY breaks below 38.2% Fibo & up TrendLine from Apr by 138, channel base supports

EUR/JPY breaks below Jun low, 38.2% Fibo & up TrendLine from Apr by 138 overnight on Greek fears Down channel off Jun highs v Jun 12 low at 137.61 neared with today's 137.66 low EZ core-peripheral yields spreads tighter,…

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

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  • EUR/JPY breaks below Jun low, 38.2% Fibo & up TrendLine from Apr by 138 overnight on Greek fears

  • Down channel off Jun highs v Jun 12 low at 137.61 neared with today's 137.66 low

  • EZ core-peripheral yields spreads tighter, Bund yields firmer at moment in support

  • JPY haven bid boosted by CHF's slide on SNB Jordan's intervention threat

  • Another big weekly reduction in Japanese foreign bond longs also supports JPY 

  • Wed's high & Tenkan at 139.18/16

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