Thursday, October 15, 2026

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FxWirePro: USD/JPY slips below 104 handle after reports of powerful earthquake in Japan

USD/JPY reversed early gains to slip below 104 handle after reports of a powerful earthquake off Japan's West coast. The pair slumped from highs of 104.13 to hit 103.75 and has since stalled downside after Japan Meteorol…

By FxWirePro Team
1 min read
FxWirePro: USD/JPY slips below 104 handle after reports of powerful earthquake in Japan
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  • USD/JPY reversed early gains to slip below 104 handle after reports of a powerful earthquake off Japan's West coast.
     
  • The pair slumped from highs of 104.13 to hit 103.75 and has since stalled downside after Japan Meteorological Agency ruled out tsunami threat.
     
  • Daily Techs are inconclusive for now, consolidation likely at current levels for some time, bias still remains for the upside.
     
  • Pair finds stiff resistance at 104.65, break above could see resumption of upside.
     
  • Sustained weakness below 103.75-70 could see drag towards 102.83 (20-DMA support).
     
  • Major support levels - 103.80 (5-DMA), 103.17 (double bottom Oct 11, 19), 103, 102.83 (20-DMA)
     
  • Major resistance levels - 104.32 (Sept 2 high), 104.65 (trendline), 105
     

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EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team