Friday, October 16, 2026

Technicals

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USD/JPY contained well but underpinned

Pair's Asian range 121.27-57 Thursday's high 121.67, Tues' new 8year high 122.04 resistance Larger offers sit above 122.00, some exporter related Bids 121.00-120.70 level 120.70 is 10dma and Tenkan-sen Thursday's low 120…

By Meredith J C Warren
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Pair's Asian range 121.27-57

  • Thursday's high 121.67, Tues' new 8year high 122.04 resistance

  • Larger offers sit above 122.00, some exporter related

  • Bids 121.00-120.70 level

  • 120.70 is 10dma and Tenkan-sen

  • Thursday's low 120.66 posted after meagre US data

  • 15 year Nikkei high proving supportive today. 1.5bln 121 and 1bln 122 expiries

  • Implied volumes lower and 1month risk reversal neutral

  • Pair's range could remain till FOMC 

 

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By FxWirePro Team