Friday, October 16, 2026

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FxWirePro: USD/JPY hovers around key resistance at 108.04, intraday bias remains slightly bullish

USD/JPY is currently trading around 108.11 marks. It made intraday high at 108.26 and low at 107.87 levels. Today Japan released bank lending data with negative numbers at 2.0% m/m vs 2.2% previous release. Pair was seen…

By Cynthia Firey Eakin
1 min read
FxWirePro: USD/JPY hovers around key resistance at 108.04, intraday bias remains slightly bullish
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  • USD/JPY is currently trading around 108.11 marks.
     
  • It made intraday high at 108.26 and low at 107.87 levels.
     
  • Today Japan released bank lending data with negative numbers at 2.0% m/m vs 2.2% previous release.
     
  • Pair was seen trading at its weakest level in 18 months and touched 107.63 marks.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 107.93 marks.
     
  • A daily close below key support will take the parity down towards 107.43, 107.09 and 105.72 levels.
     
  • On the top side, initial resistance levels are seen at 108.04, 109.68, 111.23, and 112.60 marks respectively.

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By FxWirePro Team