Friday, October 16, 2026

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USD/JPY, EUR/JPY - Bears gaining strength from selling EUR

JPY bulls, other currency bears gaining strength from selling EUR. Attempts to sell USD/JPY seen but moves below 120.00 met by Japanese buys. EUR/JPY, gradually sliding down, weighing on EUR/USD too. Others largely unaff…

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

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  • JPY bulls, other currency bears gaining strength from selling EUR.

  • Attempts to sell USD/JPY seen but moves below 120.00 met by Japanese buys.

  • EUR/JPY, gradually sliding down, weighing on EUR/USD too.

  • Others largely unaffected - GBP/JPY subdued, AUD/JPY stable, NZD/JPY bid early.

  • EUR/JPY seen in middle of 129.15-97 hourly Ichi cloud, 129.06 100-HMA below. 

 

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By FxWirePro Team