Friday, October 16, 2026

Technicals

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USD/JPY remains bid

Pair's technical outlook remains on upside Short-term bulls require resumption of trading above 121.37 pivot point Japanese names bought EUR/JPY in Asia, pushing spot above 121.00 5year UST/JGB spread narrows since Mon; …

By Meredith J C Warren
1 min read
USD/JPY remains bid
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  • Pair's technical outlook remains on upside

  • Short-term bulls require resumption of trading above 121.37 pivot point

  • Japanese names bought EUR/JPY in Asia, pushing spot above 121.00

  • 5year UST/JGB spread narrows since Mon; positive relationship is spot continues

  • 30-day log correlation between 5year UST/JGB & spot is +0.73

 

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