Thursday, October 15, 2026

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USD/JPY holding Fibo target at 124.92 so far

USD/JPY big spec-driven rise has completed 161.8% of the Mar-Apr base at 124.92 2-yr Treasury yields supplying the main lift, as Fed tightening hopes persist Pair could see a decent pullback if this objective & key 125 b…

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

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  • USD/JPY big spec-driven rise has completed 161.8% of the Mar-Apr base at 124.92

  • 2-yr Treasury yields supplying the main lift, as Fed tightening hopes persist

  • Pair could see a decent pullback if this objective & key 125 barriers hold

  • Minimum 23.6% retracement is at 123.36; by Wed's Tenkan & up TrendLine readings

  • Key will be if Abe govt tries to talk yen up to avert rapid rise in import costs

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By FxWirePro Team