Friday, October 16, 2026

Technicals

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USD/JPY breaks 119.50 bids, Cloud base at 118.95 key support

Source: Thomson Reuters USD/JPY cracks 119.50 bids on mediocre US retail sales data Only small HeadLine misses for Retail Sales, but control group is bad for GDP USD/JPY broke 61.8% & TrendLine at 119.53/49, Treasury yie…

By Jay L. Zagorsky
1 min read
USD/JPY breaks 119.50 bids, Cloud base at 118.95 key support
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Source: Thomson Reuters


  • USD/JPY cracks 119.50 bids on mediocre US retail sales data

  • Only small HeadLine misses for Retail Sales, but control group is bad for GDP

  • USD/JPY broke 61.8% & TrendLine at 119.53/49, Treasury yield & USD edge lower

  • Specs fade USD/JPY rallies, GPIF et al, still buyers of dips

  • Cloud base at 118.95 key support, Kijun at 120.19 now key resistance

  • Today's big expires at 118 & 121 too far to matter much so far

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