Friday, October 16, 2026

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USD/JPY reverses uptrend; yen up on haven flows

Source: Thomson Reuters ME tension spikes up oil, stocks down & yen up on haven flows USD/JPY's '15 up TrendLine gone, key supports seen at 61.8% & Cloud base at 118.21/19 N225 vulnerable to major 38.2% correction to 18,…

By Jay L. Zagorsky
1 min read
USD/JPY reverses uptrend; yen up on haven flows
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Source: Thomson Reuters


  • ME tension spikes up oil, stocks down & yen up on haven flows

  • USD/JPY's '15 up TrendLine gone, key supports seen at 61.8% & Cloud base at 118.21/19 

  • N225 vulnerable to major 38.2% correction to 18,561 v 19,397 overnight low

  • Risk-off flows into Treasuries also weighing on USD-JPY yield spreads

  • 118.84 & 119 hourly fades 

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