Thursday, October 15, 2026

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FxWirePro: USD/JPY retraces initial gains, poor China PMI boosts Yen's safe-haven appeal

USD saw renewed buying after the recent weakness, USD/JPY traded higher on the day at 124.036 Safe-haven appeal in yen boosted after miserable China PMI data , USD/JPY erased gains and currently trades flat at 123.908 Up…

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

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  • USD saw renewed buying after the recent weakness, USD/JPY traded higher on the day at 124.036

  • Safe-haven appeal in yen boosted after miserable China PMI data , USD/JPY erased gains and currently trades flat at 123.908

  • Uptrend in USD/JPY intact, pair remains supported amid broad USD strength 

  • US manufacturing PMI and new home sales data later in the day to be in focus for further direction

Resistance Levels:

R1: 124.19 (Daily High Jul 23)

R2: 124.48 (Daily High Jul 21)

R3: 124.57 (76.4% Fibo 125.86-120.41)

Support Levels:

S1: 123.57 (Daily Low Jul 22)

S2: 123.52 (23.6% of 120.41-124.48)

S3: 123.22 (Ichimoku Cloud Top)

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By FxWirePro Team