Thursday, October 15, 2026

Technicals

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USD/JPY 124.15-20 hurdles in play on Fed, oil's rise

USD/JPY next hurdles by Tenkan & 50% Fibo at 124.16 & Jun 11 high at 124.195 Fed-BOJ policies still divergent, even if FOMC rate hike timing stays vague 1.7% WTI rise & bullish pricing pattern past few weeks favor Fed hi…

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

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  • USD/JPY next hurdles by Tenkan & 50% Fibo at 124.16 & Jun 11 high at 124.195 

  • Fed-BOJ policies still divergent, even if FOMC rate hike timing stays vague

  • 1.7% WTI rise & bullish pricing pattern past few weeks favor Fed hikes

  • Rising Japan energy import costs bearish for JPY as Export volumes struggle

  • CHF & GBP sapping JPY of some traditional haven flows re Greek risks

  • Surge in spec yen shorts biggest negative

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By FxWirePro Team