Friday, October 16, 2026

Technicals

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USD/JPY holds key support, risk-off flows subsiding a bit now

USD/JPY hourly up TrendLine off last week's lows held at 123.86; risk-off flows subsiding a bit now Daily Tenkan & May up TrendLine now resistance at 124.68/75; overnight high & 200-HMA at 124.73-4 Stops below last week'…

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

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  • USD/JPY hourly up TrendLine off last week's lows held at 123.86; risk-off flows subsiding a bit now

  • Daily Tenkan & May up TrendLine now resistance at 124.68/75; overnight high & 200-HMA at 124.73-4

  • Stops below last week's 123.75 range base; Kijun next at 122.37

  • Big N225 drop accelerated by weak China CPI & Asia stocks slide & yen rise

  • Expected Sept Fed hike a USD prop, but WSJ notes Fed's BoG doves control IOER 

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