Friday, October 16, 2026

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EUR/JPY remains above Wed's 138.74 low, Grexit risk squeezed Yen spec shorts

Yen spec shorts squeezed by Grexit risk, EUR/JPY remains above Wed's 138.74 low EUR/JPY buyers disappointed Thur's high rejected shy of Jun's 141.02/06 tops Cross remains above Wed's 138.74 low; close below would undercu…

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

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  • Yen spec shorts squeezed by Grexit risk, EUR/JPY remains above Wed's 138.74 low

  • EUR/JPY buyers disappointed Thur's high rejected shy of Jun's 141.02/06 tops

  • Cross remains above Wed's 138.74 low; close below would undercut longs

  • Weekly C-O-T for EUR & JPY this afternoon key positioning clues

  • 138 Jun 12 low by 38.2% of Apr-Jun uptrend is key pivot point

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By FxWirePro Team