Thursday, October 15, 2026

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USD/JPY breaks below key 118.94 Cloud, Fibo support

Source: Thomson Reuters USD/JPY breaches cloud base & 50% of Jan-Mar rise at 118.94, triggering stops Pair already heavy on falling Treasury yields after very weak IP/CU report Big WTI upside breakout above winter range …

By Jay L. Zagorsky
1 min read
USD/JPY breaks below key 118.94 Cloud, Fibo support
Image from the original EconoTimes article

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Source: Thomson Reuters


  • USD/JPY breaches cloud base & 50% of Jan-Mar rise at 118.94, triggering stops

  • Pair already heavy on falling Treasury yields after very weak IP/CU report

  • Big WTI upside breakout above winter range top adding to USD weakness

  • Next support is at 118.71 (Mar low), but 61.8% & Feb 16 low at 118.22/11 are in prospect

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