Friday, October 16, 2026

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FxWirePro: Japanese Yen gains in early Asia, intraday bias remains bearish below 109.89

USD/JPY is currently trading around 109.65 marks. It made intraday high at 109.89 and low at 109.56 levels. Intraday bias remains bearish till the time pair holds key resistance at 109.88 marks. A daily close below key s…

By Cynthia Firey Eakin
1 min read
FxWirePro: Japanese Yen gains in early Asia, intraday bias remains bearish below 109.89
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  • USD/JPY is currently trading around 109.65 marks.
     
  • It made intraday high at 109.89 and low at 109.56 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 109.88 marks.
     
  • A daily close below key support 109.48 will take the parity down towards 108.68, 107.86 and 105.72 levels.
     
  • On the other side, a sustained close above 109.89 will take the parity towards 111.30/112.60 levels.
     
  • On the top side, initial resistance levels are seen at 109.88, 111.30, and 112.60 marks respectively.

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