Friday, October 16, 2026

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Retail Sales beat sent USD/JPY thru 123.80 hurdles; curve flattens

USD/JPY rises briefly on US core Retail Sales beat & revision upwards Thru 123.80 hurdles, Treasury curve flattening response limits rise as bond yields fall; 123.16 Tenkan resistance Focus should shift back to 2-yr spre…

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

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  • USD/JPY rises briefly on US core Retail Sales beat & revision upwards

  • Thru 123.80 hurdles, Treasury curve flattening response limits rise as bond yields fall; 123.16 Tenkan resistance

  • Focus should shift back to 2-yr spreads from 10s, but 200-HMA looms at 124.27, 122.37 Kijun/50% key

  • Specs nervous BOJ will not do QQE3 & Fed hikes will be limited in total

  • Weekly Japan buying of foreign bonds contracted for 2nd week

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By FxWirePro Team