Friday, October 16, 2026

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USD/JPY rises above 200-HMA at 123.48 , but stocks weigh

USD/JPY clears 200-HMA at 123.48 in London; had capped rallies last week Grexit risk a small + for JPY, but EUR/JPY still holds 138 support US IP/CU key event today, but trading chastened pre FOMC Wed Offers by Fri's 123…

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

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  • USD/JPY clears 200-HMA at 123.48 in London; had capped rallies last week

  • Grexit risk a small + for JPY, but EUR/JPY still holds 138 support

  • US IP/CU key event today, but trading chastened pre FOMC Wed

  • Offers by Fri's 123.82 high, 124 & 124.15-20; stops above latter

  • 1.48b & 1.2b of 123.00 & 123.35 expiries at the 10ET cut

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By FxWirePro Team