Thursday, October 15, 2026

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FxWirePro: USD/JPY breaks key resistance at 109.68, China’s GDP data eye

USD/JPY is currently trading around 109.62 marks. It made intraday high at 109.69 and low at 109.28 levels. Intraday bias remains bullish till the time pair holds key support at 108.68 marks. A daily close below key 109.…

By Cynthia Firey Eakin
1 min read
FxWirePro: USD/JPY breaks key resistance at 109.68, China’s GDP data eye
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  • USD/JPY is currently trading around 109.62 marks.
     
  • It made intraday high at 109.69 and low at 109.28 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 108.68 marks.
     
  • A daily close below key 109.00 will take the parity down towards 108.68, 107.43 and 105.72 levels.
     
  • Alternatively, a sustained break above 109.68 will take the parity towards 112.60 levels.
     
  • On the top side, initial resistance levels are seen at 109.68, 111.23, and 112.60 marks respectively.
     
  • China’s GDP growth is forecast to have decelerated from an annualized 6.8% in the December quarter to 6.7% last quarter, the slowest pace since 2009.

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