Thursday, October 15, 2026

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USD/JPY probing 61.8% Fibo hurdle into Yellen event risk

Source: Thomson Reuters USD/JPY pressing 61.8% of Feb 11-16 drop at 119.58 & well above Tenkan into Yellen Ichi configuration bullish & Nikkei at new Abenomics highs Weekly Ichi pattern also bullish, pair has not closed …

By Jay L. Zagorsky
1 min read
USD/JPY probing 61.8% Fibo hurdle into Yellen event risk
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Source: Thomson Reuters


  • USD/JPY pressing 61.8% of Feb 11-16 drop at 119.58 & well above Tenkan into Yellen

  • Ichi configuration bullish & Nikkei  at new Abenomics highs 

  • Weekly Ichi pattern also bullish, pair has not closed below Tenkan at 118.30 in 3 wks

  • Exporter offers & 1.2bln of 120 expiries targeted above 119.60 buy stops

  • Down TrendLine from Dec 23 at 120.40 key

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