Friday, October 16, 2026

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USD/JPY ADP gains quickly reversed

HFT/algo rise on mediocre ADP results, but gains quickly reversed Tenkan at 119.28; 21-DMA, Cloud Top & Kijun at 119.04,118.71/56 Tues's high close to key down TrendLine & upper Bolli, implies reversion lower N225 future…

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

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  • HFT/algo rise on mediocre ADP results, but gains quickly reversed

  • Tenkan at 119.28; 21-DMA, Cloud Top & Kijun at 119.04,118.71/56

  • Tues's high close to key down TrendLine & upper Bolli, implies reversion lower

  • N225 futures near up TrendLine from Jan-Feb lows at 18,492; break is bearish

  • USD-JPY 2-yr spreads down slightly

  • ISM Services, Beige Book & Fed speakers up next, but NFP is main focus

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By FxWirePro Team