Friday, October 16, 2026

Technicals

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USD/JPY stuck in narrow range ahead of FOMC

Pair has been trading in 121.23-121.41 range, contained by FOMC Bids by Japanese importer at 121.00; closest offers seen at 121.50 More bids deeper into the 120.00s; stops seen above 122.04 121.00 has the largest number …

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

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  • Pair has been trading in 121.23-121.41 range,  contained by FOMC

  • Bids by Japanese importer at 121.00; closest offers seen at 121.50

  • More bids deeper into the 120.00s; stops seen above 122.04

  • 121.00 has the largest number of expiries to month end (6 yards)

  • Short dated yen RRs indicates a mild downside risk

 

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By FxWirePro Team