Friday, October 16, 2026

Technicals

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USD/JPY off from 121.57

Nikkei closed +263.14 pts, +1.39% at 19,254.25, just off 19,335.80 high. USD/JPY up slightly to 121.57 with Nikkei just off high. Bias up for both and correlation to be seen next week. USD/JPY limited by option expiries …

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

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  • Nikkei closed +263.14 pts, +1.39% at 19,254.25, just off 19,335.80 high.

  • USD/JPY up slightly to 121.57 with Nikkei just off high.

  • Bias up for both and correlation to be seen next week.

  • USD/JPY limited by option expiries - 121.00 (1.556 bln), 122.00 (1.070).

  • Support at climbing 121.31 100-HMA, 120.71 daily tenkan, 120.65 200-HMA.

  • Offers move up from above 121.50, more 122.00+ but stops 122.04+. 

 

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