Friday, October 16, 2026

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USD/JPY retests Mon's NY low; 21-DMA at 123.31 key on close

USD/JPY retests Mon's NY low by 123.30; 21-DMA at 123.31 key on close Merkel's conciliatory Greek comments lifted deal hopes/stocks this morning DM stocks well off day's lows but EUR/JPY sold on EUR FX hedging Cross rema…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • USD/JPY retests Mon's NY low by 123.30; 21-DMA at 123.31 key on close

  • Merkel's conciliatory Greek comments lifted deal hopes/stocks this morning

  • DM stocks well off day's lows but EUR/JPY sold on EUR FX hedging

  • Cross remains above key 138 supports; Kijun & 50% Fibo next at 137.08

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By FxWirePro Team