Thursday, October 15, 2026

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FxWirePro: USD/JPY range bound, focus on US NFP data

USD/JPY has ended 3 consecutive sessions of losses and had edged higher on the day. The pair has held 50-DMA support at 102.84, break below likely to see drag upto 100.50 (trendline). Cautious tone prevalent in the marke…

By FxWirePro Team
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FxWirePro: USD/JPY range bound, focus on US NFP data
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  • USD/JPY has ended 3 consecutive sessions of losses and had edged higher on the day.
     
  • The pair has held 50-DMA support at 102.84, break below likely to see drag upto 100.50 (trendline).
     
  • Cautious tone prevalent in the markets as we head into U.S. non-farm-payrolls (U.S. session today) and elections (next week).
     
  • Steep losses in Japan’s Nikkei 22 (-1.72% to 16,840 points) to underpin safe-haven demand for yen and keep USD/JPY upside in check.
     
  • We had advised a short in the pair in our previous call (http://www.econotimes.com/FxWirePro-USD-JPY-hits-fresh-4-week-lows-of-10255-bias-lower-stay-short-381606).
     
  • Recommend holding for downside. Bearish invalidation above 20-DMA at 103.96.
     

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By FxWirePro Team