Friday, October 16, 2026

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USD/JPY probing 38.2% of 118.93-120.37 rise at 119.82

Source: Thomson Reuters Falling USD-JPY 2-yr yield spreads, stocks put USD/JPY 200-HMA prop in play USD/JPY probing 38.2% of 118.93-120.37 rise at 119.82 after 21-DMA capped overnight high Pair now sees support at 119.76…

By Jay L. Zagorsky
1 min read
USD/JPY probing 38.2% of 118.93-120.37 rise at 119.82
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Source: Thomson Reuters


  • Falling USD-JPY 2-yr yield spreads, stocks put USD/JPY 200-HMA prop in play

  • USD/JPY probing 38.2% of 118.93-120.37 rise at 119.82 after 21-DMA capped overnight high

  • Pair now sees support at 119.76 & on the daily Tenkan at 119.77

  • USD975mln of 120 expiries may give lift into 10ET cut

  • A close above Mar down Trend-Line at 120.51 required to revive rebound

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