Friday, October 16, 2026

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USD/JPY seen sub 119.22-23 lows, 119.00 to 118.85

Stops tripped sub-119.20 and 119.00 on way Likely to trigger below 118.85 100-DMA Some Japanese buying on way down but long liquidation flows sizeable Nikkei closes down 275.08 pts, 1.39% at 19,471.12, range 19,397.01-62…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Stops tripped sub-119.20 and 119.00 on way

  • Likely to trigger below 118.85 100-DMA

  • Some Japanese buying on way down but long liquidation flows sizeable

  • Nikkei closes down 275.08 pts, 1.39% at 19,471.12, range 19,397.01-623.11

  • Index backing away from 20k level, month/qtr/Japan fiscal year-end flows

  • Next 118.85 suggests move into 118.19-73 Ichimoku cloud

 

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