Thursday, October 15, 2026

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FxWirePro: USD/JPY hits new two-month highs at 125.27 on fresh CNY weakness

Another round of yuan devaluation by PBOC was seen early today, an attempt to support the export sector and aid the overall economic growth Greenback remains supported from risk-off flows following PBOC devaluation, push…

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

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  • Another round of yuan devaluation by PBOC was seen early today, an attempt to support the export sector and aid the overall economic growth 

  • Greenback remains supported from risk-off flows following PBOC devaluation, pushing USD/JPY higher beyond the 125 handle

  • Currently   USD/JPY trades at a fresh two-month high at 125.27, day's range 125.04/125.27

  • Next resistance is located 124.36 (Tenkan-Sen) above which it could extend gains to 125.60 (Hourly High Jun 8)

  • To the downside immediate support might be located at 124.11 (Daily Low Aug 7) followed by 124.08 (21 DMA)

  • Bullish Ichi configuration, led by the Tenkan at 124.36, underpins prices, further grind higher likely

Resistance Levels:

R1: 125.60 (Hourly High Jun 8)

R2: 125.68 (Daily High Jun 8)

R3: 125.86 (2015 High Jun 5)

Support Levels:

S1: 125.21 (Session High Aug 11)

S2: 124.36 (Tenkan-Sen)

S3: 124.08 (21 DMA)

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By FxWirePro Team