Thursday, October 15, 2026

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FxWirePro: Japanese Yen strengthens despite lower than expected Tankan Manufacturing Index

USD/JPY is currently trading around 112.40 marks. It made intraday high at 112.58 and low at 112.29 levels. Japan's factory sector expanded at a weaker pace than anticipated in the March quarter. The Bank of Japan Tankan…

By Cynthia Firey Eakin
1 min read
FxWirePro: Japanese Yen strengthens despite lower than expected Tankan Manufacturing Index
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  • USD/JPY is currently trading around 112.40 marks.
     
  • It made intraday high at 112.58 and low at 112.29 levels.
     
  • Japan's factory sector expanded at a weaker pace than anticipated in the March quarter.
     
  • The Bank of Japan Tankan manufacturing index of large-scale factories fell from 12 in the December quarter to 6 in the March quarter.
     
  • In addition, Tankan Non manufacturing index also released with negative numbers at 22 q/q vs 25 q/q previous released.
     
  • Pair remains well supported below 112.60 supports and confirms bearish trend for the moment.
     
  • A daily close below 112.60 will take the parity towards 111.34 and 110.66 levels.
     
  • On the top side, key resistance levels are seen at 112.60, 113.43, 113.98 and 114.28 marks.
     
  • Since the start of the year the yen has grown around 7% against the US dollar, reducing the competitiveness of Japanese exports.

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By FxWirePro Team