Thursday, October 15, 2026

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FxWirePro: USD/JPY recovers from lows of 100.58, BOJ verbal intervention likely halts downside

Risk-off reinforced by renewed concerns over Brexit after effects boosted safe-haven flows for the Japanese yen. USD/JPY slipped below the 101 handle to hit lows of 100.58, before paring some losses to currently trade ar…

By FxWire Pro
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FxWirePro: USD/JPY recovers from lows of 100.58, BOJ verbal intervention likely halts downside
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  • Risk-off reinforced by renewed concerns over Brexit after effects boosted safe-haven flows for the Japanese yen.
     
  • USD/JPY slipped below the 101 handle to hit lows of 100.58, before paring some losses to currently trade around 100.88.
     
  • The pair is recovering from lows amid profit taking after speculation about BOJ verbal intervention.
     
  • Intraday bias is lower, RSI, Stochastics on daily charts point south and MACD is well below the zero mark.
     
  • Technically, we see scope for break below channel base which could drag the pair to next support at 99.57.
     
  • However, how much yen appreciation the BoJ will tolerate is keeping markets wary.
     
  • Support is seen at 100.58 (channel base) ahead of 100.35 (lower Bollinger Band) and then 100 levels.
     
  • Resistance on the upside seen at 101, 101.76 (session highs) and then 102 levels.
     

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By FxWirePro Team