Thursday, October 15, 2026

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FxWirePro: USD/JPY consolidating above the 124 handle

USD/JPY has pared some of the early gains after hitting a session high of 124.37 and is currently trading at 124.20 Trading was subdued in Asia due to the Japan Marine day holiday today Japan's trade balance due Thursday…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • USD/JPY has pared some of the early gains after hitting a session high of 124.37 and is currently trading at 124.20

  • Trading was subdued in Asia due to the Japan Marine day holiday today

  • Japan's trade balance due Thursday in focus, forecast is for a surplus of $5 billion 

  • 500m worth of 123.85 option strikes during the NY cut today likely to attract
Resistance Levels:

R1: 124.46 (Daily High Jun 18)

R2: 124.57 (76.4% Fibo 125.86-120.41)

R3: 124.63 (Daily High Jun 10)

Support Levels: 

S1: 123.96 (Session Low Jul 20)

S2: 123.92 (Daily Low Jul 17)

S3: 123.74 (Daily Low Jul 16)

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By FxWirePro Team