Friday, October 16, 2026

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USD/JPY back above 124.49 200-HMA into Tokyo afternoon

Pair better bid, edges up from 124.25 early to 124.63 Market less averse with Nikkei rallying in PM, currently +152 pts, 0.76% Offers likely from 124.80-area yesterday, daily Ichi tenkan 124.73 too US yields supportive, …

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Pair better bid, edges up from 124.25 early to 124.63

  • Market less averse with Nikkei rallying in PM, currently +152 pts, 0.76%

  • Offers likely from 124.80-area yesterday, daily Ichi tenkan 124.73 too

  • US yields supportive, JGB 10s @0.498%, 2s 0.719% vs 0.002

 

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