Friday, October 16, 2026

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USD/JPY - 119.75 pivot in focus, spot edges upwards

Widening of 5year UST/JGB yield spread seen today; spot rises correspondingly 30/60-day log correlation between spot & yield spread +0.68/+0.60 Spot/Nikkei futures 48/72H log correlation both +0.51 IMM short JPY position…

By Ian Preston
1 min read
USD/JPY - 119.75 pivot in focus, spot edges upwards
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  • Widening of 5year UST/JGB yield spread seen today; spot rises correspondingly

  • 30/60-day log correlation between spot & yield spread +0.68/+0.60

  • Spot/Nikkei futures 48/72H log correlation both +0.51

  • IMM short JPY positions pared marginally on the last report

  • Japanese importer bids are seen below 119.10

 

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By FxWirePro Team