Friday, October 16, 2026

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FxWirePro: USD/JPY breaks key support at 109.48, Japan’s flash manufacturing PMI data eye

USD/JPY is currently trading around 109.38 marks. It made intraday high at 109.49 and low at 109.27 levels. Intraday bias remains neutral till the time pair holds key support at 109.48 marks. A daily close below key supp…

By Cynthia Firey Eakin
1 min read
FxWirePro: USD/JPY breaks key support at 109.48, Japan’s flash manufacturing PMI data eye
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  • USD/JPY is currently trading around 109.38 marks.
     
  • It made intraday high at 109.49 and low at 109.27 levels.
     
  • Intraday bias remains neutral till the time pair holds key support at 109.48 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 up 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.
     
  • Japan will release flash manufacturing PMI data at 0200 GMT. Market anticipates reading around 49.6 m/m vs 49.1 m/m previous release.

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By FxWirePro Team