Thursday, October 15, 2026

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FxWirePro: USD/JPY edges lower from session highs at 102.58, intraday bias lower

USD/JPY extends range trade for a second consecutive day, daily price action is slipping along a falling channel. Yen fails to benefit from a risk-on rally in the equity markets, USD/JPY edges lower from session highs at…

By FxWire Pro
1 min read
FxWirePro: USD/JPY edges lower from session highs at 102.58, intraday bias lower
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  • USD/JPY extends range trade for a second consecutive day, daily price action is slipping along a falling channel.
     
  • Yen fails to benefit from a risk-on rally in the equity markets, USD/JPY edges lower from session highs at 102.58 to currently trade at 102.20 levels.
     
  • Intraday bias is lower, RSI, Stochastics on daily charts point south and MACD is well below the zero mark.
     
  • Data released earlier today showed China Caxin services PMI for June printed at 52.7, rising from 51.2 in the previous month.
     
  • Upbeat Chineses data could keep demand for the Yen subdued, scope biulds for test of 100 levels (channel base).
     
  • Pair finds immediate support at 101.55 (June 28th lows), while immediate resistance on the upside aligns at 102.63 (5-DMA).
     

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By FxWirePro Team