Thursday, October 15, 2026

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FxWirePro: USD/JPY attempts recovery from 4-week low at 106.35, regains 107 handle, focus now on Yellen’s speech

USD/JPY was heavily sold-off into poor US NFP data released last Friday. U.S. non-farm payroll data on Friday showed U.S. employers added only 38,000 jobs in May, far below expectations of 164,000. USD/JPY plummeted near…

By FxWire Pro
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FxWirePro: USD/JPY attempts recovery from 4-week low at 106.35, regains 107 handle, focus now on Yellen’s speech
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  • USD/JPY was heavily sold-off into poor US NFP data released last Friday.
     
  • U.S. non-farm payroll data on Friday showed U.S. employers added only 38,000 jobs in May, far below expectations of 164,000.
     
  • USD/JPY plummeted nearly 250 pips last Friday, extended decline to hit 4-week low of 106.35 on Monday. 
     
  • The pair is attempting a minor recovery, edged above the 107 handle, but is struggling to hold gains.
     
  • The pair was rejected at highs by 107.18 and is currently trading around 106.96 levels.
     
  • Cloud weighs heavily on the upside, technical indicators maintain their sharp bearish slopes.
     
  • Following Friday’s NFP disaster, focus remains Fed Chair Yellen’s speech for a fresh take on the US interest rates policy. 
     
  • Immediate support and resistance are seen at 106.24 (May 4th lows) and 108.51 (5-DMA).
     

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By FxWirePro Team