Friday, October 16, 2026

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EUR/JPY breaks last of the supports above Jan's 130.16 low

Source: Thomson Reuters EUR/JPY edges lower, 130.16 & 128.50 next targets Last of the supports above Jan's 130.16 low have been removed Today's 132.50 high is at the bottom of the broken down channel from Feb's high Lowe…

By Jay L. Zagorsky
1 min read
EUR/JPY breaks last of the supports above Jan's 130.16 low
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Source: Thomson Reuters


  • EUR/JPY edges lower, 130.16 & 128.50 next targets

  • Last of the supports above Jan's 130.16 low have been removed

  • Today's 132.50 high is at the bottom of the broken down channel from Feb's high

  • Lower 21-d Bolli circa 132.17 weighs on price slide intraday

  • ECB's QE designed to widen yield spreads, weaken EUR and is doing so

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By FxWirePro Team