Thursday, October 15, 2026

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FxWirePro: USD/JPY extends recovery from 5-week lows, struggles at 107 handle

USD/JPY is extending recovery from 5-week lows of 106.25 hit on Thursday, is currently struggling at 107 handle. Asian markets stabilize after initial sell-off, curbing the safe-haven demand for the Japanese currency. Na…

By FxWire Pro
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FxWirePro: USD/JPY extends recovery from 5-week lows, struggles at 107 handle
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  • USD/JPY is extending recovery from 5-week lows of 106.25 hit on Thursday, is currently struggling at 107 handle.
     
  • Asian markets stabilize after initial sell-off, curbing the safe-haven demand for the Japanese currency.
     
  • Narrow range on the day till now, pair made a high of 107.25 and low of 106.90.
     
  • Upside seen capped by 5-DMA at 107.25, break above can see further upside.
     
  • Focus now on US prelim consumer sentiment data due later in the NA session ahead of next week’s Fed and BOJ policy decisions. 
     
  • A series of Chinese macro releases due this weekend may have significant impact on the risk sensitive yen markets.
     
  • Immediate support and resistance are seen at 106.40 (trendline) and 107.20 (5-DMA) respectively.
     
  • Techs are inconclusive, we prefer to remain on the sidelines for now.
     

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By FxWirePro Team