Friday, October 16, 2026

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USD/JPY rebound capped by hourly Kijun at 120.05

Source: Thomson Reuters Rising hourly Cloud has been forcing USD/JPY prices higher since NY Open Pre 10-yr auction concession also drew buyers to USD/JPY by key 119.58-64 support But rebound capped by hourly Kijun at 120…

By Jay L. Zagorsky
1 min read
USD/JPY rebound capped by hourly Kijun at 120.05
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Source: Thomson Reuters


  • Rising hourly Cloud has been forcing USD/JPY prices higher since NY Open 

  • Pre 10-yr auction concession also drew buyers to USD/JPY by key 119.58-64 support

  • But rebound capped by hourly Kijun at 120.05 so far 

  • Key supports will be at Tenkan & 200-HMA at 119.58/66 into close

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