Friday, October 16, 2026

Technicals

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USD/JPY trapped between bids & narrowing 5year yields

Pair's bids likely to be reset at119.50, Japan's pension fund interest again tipped at 119.50 Market supported by the rising trend-line from Jan 16 at 119.28 Offers seen ahead of the 120.00 level; pivot weighs at 120.08 …

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

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  • Pair's bids likely to be reset at119.50, Japan's pension fund interest again tipped at 119.50

  • Market supported by the rising trend-line from Jan 16 at 119.28

  • Offers seen ahead of the 120.00 level; pivot weighs at 120.08 levels

  • Spot still weighed by 5year UST/JGB spread yield; 30D correlation +0.73

  • 5year UST/JGB spread yield still narrowing 

 

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By FxWirePro Team