Friday, October 16, 2026

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USD/JPY bulls regaining strength

Longs suffered post FOMC with slide to 119.29 in NY Expiry of 121.00 strike on Fri at the NY cut worth 3.6bn Drop led to a shake out of longs; enables healthy rebuilding by bulls Subsequent gains and hourly hammer lead t…

By Ian Preston
1 min read
USD/JPY bulls regaining strength
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  • Longs suffered post FOMC with slide to 119.29 in NY

  • Expiry of 121.00 strike on Fri at the NY cut worth 3.6bn

  • Drop led to a shake out of longs; enables healthy rebuilding by bulls

  • Subsequent gains and hourly hammer lead to an Asian recovery

 

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