Friday, October 16, 2026

Technicals

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USD/JPY rising steadily

Pair moves higher after AM push down to 119.67. It touched a high of 120.62 so far and more upside potential seen. JPY bears out in force if only short-term, as many stopped out overnight Action whippy and market still v…

By Ian Preston
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Pair moves higher after AM push down to 119.67.

  • It touched a high of 120.62 so far and more upside potential seen.

  • JPY bears out in force if only short-term, as many stopped out overnight

  • Action whippy and market still very short JPY, could revert on a dime

  • More than half of yesterday's drop from 121.41 to 119.29 reversed

  • A few offers returning above 120.50, more seen towards 121.00 from jobbers

 

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By FxWirePro Team