Friday, October 16, 2026

Technicals

Add as a preferred source on Google

JPY strength weighs on EUR/JPY, drags EUR/USD lower

Source: Thomson Reuters EUR/USD almost erased gains from bounce off earlier low, risk-off sentiment the culprit JPY strength weighed on EUR/JPY, drags EUR/USD with it Some bids into 1.0480 break sees next support ~1.0460…

By Jay L. Zagorsky
1 min read
JPY strength weighs on EUR/JPY, drags EUR/USD lower
Image from the original EconoTimes article

Read the original article

Source: Thomson Reuters


  • EUR/USD almost erased gains from bounce off earlier low, risk-off sentiment the culprit

  • JPY strength weighed on EUR/JPY, drags EUR/USD with it

  • Some bids into 1.0480 break sees next support ~1.0460 (Jan 9, 2003 low)

  • Big long-term 1.0350/1.0450 pivot coming up, if break parity is next target

  • Short-term narrowing of yield spreads ignored by market for now

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

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