Friday, October 16, 2026

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USD/JPY holds sub-122

Nikkei gapped up at open but dropped hard on profit-taking. From 18,924.38 to 18,577.06, close 18,665.11, down 125.44 pts or 0.67%. USD/JPY pulled down from fresh trend high of 122.04 to 122.70 level. USD/JPY presently o…

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

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  • Nikkei gapped up at open but dropped hard on profit-taking.

  • From 18,924.38 to 18,577.06, close 18,665.11, down 125.44 pts or 0.67%.

  • USD/JPY pulled down from fresh trend high of 122.04 to 122.70 level.

  • USD/JPY presently on hold.

  • Some resistance at 123.00, USD770 mln in vanilla option expirations today.

  • Little in way of resistance, 122.62/123.67/124.14 7/13, 7/9, 6/22 '07 highs.

  • Technical supports 121.61 hourly Ichi tenkan, 121.34 hourly kijun. 

 

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