Friday, October 16, 2026

Technicals

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USD/JPY itself gently bid after yesterday's plunge, US yields firm-firmer

Nikkei closes up 336.61 pts, +1.68% at 20,382.97, up despite lower USD/JPY Wall Street rally, stronger Japanese economy cited, confirmed by MoF survey Correlation with USD/JPY not as strong, feeling stocks can rise indep…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Nikkei closes up 336.61 pts, +1.68% at 20,382.97, up despite lower USD/JPY

  • Wall Street rally, stronger Japanese economy cited, confirmed by MoF survey

  • Correlation with USD/JPY not as strong, feeling stocks can rise independently

  • Initial support is seen at 122.96 and resistance at 123.52 levels

 

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