Friday, October 16, 2026

Technicals

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USD/JPY – Bias remains on downside

Japanese importers bids seen at 119.50 levels Japanese pension funds buying on dip near 119.50 reportedly Offers are seen around 120.00; sell stops are close to 119.00 Soft Nikkei futures; 72 hour log correlation of +0.5…

By Ian Preston
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Japanese importers bids seen at 119.50 levels

  • Japanese pension funds buying on dip near 119.50 reportedly

  • Offers are seen around 120.00; sell stops are close to 119.00

  • Soft Nikkei futures; 72 hour log correlation of +0.55

  • Narrowing 5year UST/JGB yield spread; 30/60 day correlation is +0.70/+0.62 

 

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By FxWirePro Team