Thursday, October 15, 2026

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USD/JPY clears 120 barriers, retest of Dec peak increasingly likely

Despite soft ISM & Construction Spending USD/JPY clears 120 barriers Data was weak, but not enough to tame USD bulls, pair could retest Dec peak Exporter offers and barriers at 120 since cleared; stops seen above 120.15 …

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Despite soft ISM & Construction Spending USD/JPY clears 120 barriers

  • Data was weak, but not enough to tame USD bulls, pair could retest Dec peak 

  • Exporter offers and barriers at 120 since cleared; stops seen above 120.15

  • Down TrendLine from Dec 23 is key level to watch, Jan & Feb highs is at 120.36

  • 2-yr USD-JPY yield spreads at day's high, but still below Friday's

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