Friday, October 16, 2026

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USD/JPY up from 119.42 low to 119.65-70 level

Index back above 19k, cause for some optimism Some weak longs forced to pare positions but many still out there Expiring 119.50-55 options (USD600 mln+) exerting some gravitational pull Stops sub-119.30, 119.34 weekly Ic…

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

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  • Index back above 19k, cause for some optimism

  • Some weak longs forced to pare positions but many still out there

  • Expiring 119.50-55 options (USD600 mln+) exerting some gravitational pull

  • Stops sub-119.30, 119.34 weekly Ichi tenkan line, and another stops sub-119.00

 

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