Friday, October 16, 2026

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USD/JPY re-bounces, Nikkei closes modestly

Nikkei closes at 67.92 pts, 0.35% at 19,476.56. It is weighed by slightly lower USD/JPY but expected to resume uptrend with some longs having pared positions. Pair's fall to 119.29 forced out many longs. Lighter position…

By Ian Preston
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Nikkei closes at 67.92 pts, 0.35% at 19,476.56.

  • It is weighed by slightly lower USD/JPY but expected to resume uptrend with some longs having pared positions.

  • Pair's fall to 119.29 forced out many longs.

  • Lighter positions led some traders re-set JPY short. 

 

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