Sample Category Title
EUR/AUD Daily Outlook
Daily Pivots: (S1) 1.6584; (P) 1.6708; (R1) 1.6782; More...
Intraday bias in EUR/AUD remains on the downside for the moment. Current fall is part of the whole down trend from 1.8554 and should target 138.2% projection of 1.8554 to 1.7245 from 1.8160 at 1.6351 next. For now, outlook will stay bearish as long as 1.7060 resistance holds, in case of recovery.
In the bigger picture, fall from 1.8554 medium term top is seen as reversing the whole up trend from 1.4281 (2022 low). Deeper decline should be seen to 61.8% retracement of 1.4281 to 1.8554 at 1.5913, which is slightly below 1.5963 structural support. For now, risk will stay on the downside as long as 1.7245 support turned resistance holds even in case of strong rebound.
GBP/JPY Daily Outlook
Daily Pivots: (S1) 207.73; (P) 209.35; (R1) 210.51; More...
GBP/JPY's fall from 214.83 accelerated lower and immediate focus is now on 38.2% retracement of 197.47 to 214.83 at 208.19. Sustained break there will argue that it's already correcting whole up trend from 184.35. However, strong rebound from current level, followed by break of 210.47 minor resistance will retain near term bullishness, and bring retest of 214.83/98 resistance zone.
In the bigger picture, up trend from 123.94 (2020 low) is in progress. Next target is 61.8% projection of 148.93 (2022 low) to 208.09 (2024 high) from 184.35 at 220.90. On the downside, break of 205.30 resistance turned support is needed to indicate medium term topping. Otherwise, outlook will stay bullish even in case of deep pullback.
EUR/JPY Daily Outlook
Daily Pivots: (S1) 180.91; (P) 182.36; (R1) 183.39; More...
Immediate focus is now on 38.2% retracement of 172.24 to 186.86 at 181.27 as EUR/JPY's fall accelerated lower. Decisive break there will argue that fall from 186.86 is correcting whole up trend from 154.77. Next near term target will be 161.8% projection of 186.86 to 181.76 from 186.22 at 177.96. Nevertheless, strong rebound from current level, followed by break of 182.99 minor resistance will retain near term bullishness, and bring retest of 186.86 high first.
In the bigger picture, up trend from 114.42 (2020 low) is in progress. Upside momentum has been diminishing as seen in bearish divergence condition in D MACD. But there is no clear sign of topping yet. On resumption, next target is 78.6% projection of 124.37 to 175.41 from 154.77 at 194.88 next. Meanwhile, outlook will stay bullish as long as 55 W EMA (now at 174.22) holds, even in case of deep pullback.
Yen Reversal Case Builds as Nikkei Rally Looks Overextended
Risk sentiment was mixed in Asia today as Japan returned from holiday with Nikkei extending its post-election surge and briefly breaching the 58,000 mark for the first time on record. The breakout, however, lacked follow-through, with the index quickly trimming gains and hinting that near-term momentum may be stretched. Elsewhere in the region, trading was subdued. Broader Asian markets mirrored the near-flat close in the US overnight.
In currency markets, Yen remains the standout performer, extending its rally. The move partly reflects repeated official vigilance over currency volatility. Japan’s top currency diplomat, Atsushi Mimura, issued fresh warnings today. While declining to comment on speculation over rate checks following US employment data, he stressed that authorities are maintaining a “high sense of urgency” and have “not lowered our guard at all.” Mimura also confirmed that Tokyo remains in close contact with US authorities, reinforcing the perception that officials are prepared to act jointly if volatility becomes excessive.
Technically, the breach of near-term Fibonacci support in both EUR/JPY and GBP/JPY suggests that Yen’s reversal may be gaining traction. However, confirmation would require USD/JPY to break corresponding support levels to solidify the broader trend shift.
For Dollar, the boost from stronger-than-expected US payrolls proved short-lived. While the report effectively cemented expectations that the Fed will hold rates steady in March, it did little to firm up pricing for June. Attention now turns to January CPI data due tomorrow. A single inflation print may trigger volatility, but unless it materially shifts the inflation outlook, it is unlikely to establish a durable trend in Fed expectations.
In the US fiscal backdrop, January’s deficit narrowed compared to a year earlier as tariff collections surged. Customs duties reached USD30 billion for the month, lifting fiscal year-to-date revenue to USD124 billion — more than triple the level seen over the same period in 2025.
However, legal and political risks around tariffs remain elevated. The Supreme Court has yet to rule on challenges to the legal basis for the measures, keeping concerns that an adverse decision could force reimbursement of collected duties. Meanwhile, the House narrowly passed a resolution opposing tariffs on Canada, though any legislative reversal is unlikely given the high bar required to override a presidential veto.
On performance, Dollar remains the weakest currency of the week so far, followed by Sterling, which is awaiting UK GDP data. Euro is the third-worst performer. Yen leads gains, followed by Aussie and Loonie, while Swiss Franc and Kiwi trade mid-pack.
In Asia, at the time of writing, Nikkei is up 0.24%. Hong Kong HSI is down -0.89%. China Shanghai SSE is up 0.12%. Singapore Strait Times is up 0.63%. Japan 10-year JGB yield is down -0.02 at 2.217. Overnight, DOW fell -0.13% S&P fell -0.00%. NASDAQ fell -0.16%. 10-year yield rose 0.025 to 4.172.
Japan PPI eases to 2.3%, but import costs accelerate
Japan’s producer price index slowed slightly to 2.3% year-on-year in January from 2.4%, matching expectations and suggesting pipeline price pressures are stabilizing. The moderation came despite sharp divergences across components.
Fuel prices dropped -12.9% yoy, providing a significant drag on overall wholesale inflation. In contrast, nonferrous metal prices surged 33%, while agricultural goods rose 22.4%. Food and beverage prices also remained elevated, increasing 4.7% from a year earlier, highlighting persistent cost pressures in parts of the supply chain.
Meanwhile, Yen-based import prices climbed 0.5% yoy, up from a 0.2% gain in December. Despite a recent rebound in the currency, Yen’s broader weakness over recent months has raised the cost of imported energy and raw materials.
RBA’s Bullock says inflation above 3% “unacceptable,” keeps door open to more hikes
RBA Governor Michele Bullock reinforced the hawkish stance at a Senate estimates hearing today, making clear that further tightening remains on the table. “If we need to go up further because inflation is entrenched, the board will do so,” she said, stressing that returning inflation to target remains the central bank’s primary mandate.
Bullock said inflation running “with a three in front of it” is unacceptable. She noted that, at present, total demand is judged to be exceeding the economy’s capacity to supply, helping to explain ongoing inflation pressures. At the same time, she struck a more balanced tone on growth, pointing to the labour market as a key "positive". While productivity remains weak and limits how fast the economy can expand, employment conditions are holding up. “We’re in this position because the economy is actually doing okay,” Bullock said,.
The RBA raised the cash rate by 25 bps last week to 3.85%, reversing one of last year’s cuts, after underlying inflation accelerated to 3.4% in the latest quarter. With forecasts pointing to inflation reaching 3.7% this year, markets now price roughly a 75% chance of another hike to 4.10% at the May meeting.
BoC minutes stress geopolitical risks, keep policy optionality
The BoC left its benchmark overnight rate at 2.25% in January, and the published summary of deliberations underlined how elevated uncertainty has reshaped policy discussions. Members agreed that maintaining "optionality" in setting monetary policy was critical given the unusually turbulent backdrop.
The minutes highlighted that recent geopolitical events — including tensions in Venezuela, Iran and Greenland — along with perceived threats to the independence of the Fede — have amplified global uncertainty. U.S. trade policy, increasingly seen as driven by geopolitical aims, was identified as a key source of unpredictability that could disrupt global supply chains and impact economic activity.
BoC officials also flagged downside risks associated with the upcoming review of the United States-Mexico-Canada Agreement (USMCA), suggesting that unresolved trade negotiations could weigh on Canadian growth.
Against this backdrop, the minutes reinforce the view that the BoC is likely to stay on hold for now, with flexibility to respond as data evolve.
EUR/JPY Daily Outlook
Daily Pivots: (S1) 180.91; (P) 182.36; (R1) 183.39; More...
Immediate focus is now on 38.2% retracement of 172.24 to 186.86 at 181.27 as EUR/JPY's fall accelerated lower. Decisive break there will argue that fall from 186.86 is correcting whole up trend from 154.77. Next near term target will be 161.8% projection of 186.86 to 181.76 from 186.22 at 177.96. Nevertheless, strong rebound from current level, followed by break of 182.99 minor resistance will retain near term bullishness, and bring retest of 186.86 high first.
In the bigger picture, up trend from 114.42 (2020 low) is in progress. Upside momentum has been diminishing as seen in bearish divergence condition in D MACD. But there is no clear sign of topping yet. On resumption, next target is 78.6% projection of 124.37 to 175.41 from 154.77 at 194.88 next. Meanwhile, outlook will stay bullish as long as 55 W EMA (now at 174.22) holds, even in case of deep pullback.
GBP/USD Rejection Risk Grows Ahead Of Crucial UK GDP
Key Highlights
- GBP/USD started a fresh increase from the 1.3500 support.
- It cleared a key bearish trend line with resistance at 1.3640 on the 4-hour chart.
- EUR/USD struggled to continue higher above 1.1920.
- The UK GDP could grow 0.2% in Q4 2025 (Preliminary) (QoQ).
GBP/USD Technical Analysis
The British Pound started a fresh upward move above 1.3550 against the US Dollar. GBP/USD surpassed 1.3600 to enter a positive zone.
Looking at the 4-hour chart, the pair even cleared a key bearish trend line with resistance at 1.3640. The pair tested the 50% Fib retracement level of the downward move from the 1.3869 swing high to the 1.3508 low.
The pair is stable above the 100 simple moving average (red, 4-hour) and the 200 simple moving average (green, 4-hour). On the upside, the pair could face hurdles near 1.3700.
The next stop for the bulls might be 1.3735 or the 76.4% Fib retracement level of the downward move from the 1.3869 swing high to the 1.3508 low. A close above 1.3735 could open the doors for more gains.
In the stated case, the bulls could aim for a move toward 1.3785. Any more gains could set the pace for a fresh move to 1.3880. Immediate support could be 1.3580. The first major area for the bulls might be near 1.3550. The main support sits at 1.3500, below which the pair might gain bearish momentum. In the stated case, it could even revisit 1.3320.
Looking at EUR/USD, the pair faced hurdles near 1.1920 and might again decline to 1.1780 if the bears remain in action.
Upcoming Key Economic Events:
- UK GDP for Q4 2025 (Preliminary) (QoQ) - Forecast +0.2%, versus +0.1% previous.
- US Initial Jobless Claims - Forecast 222K, versus 231K previous.
Japan PPI eases to 2.3%, but import costs accelerate
Japan’s producer price index slowed slightly to 2.3% year-on-year in January from 2.4%, matching expectations and suggesting pipeline price pressures are stabilizing. The moderation came despite sharp divergences across components.
Fuel prices dropped -12.9% yoy, providing a significant drag on overall wholesale inflation. In contrast, nonferrous metal prices surged 33%, while agricultural goods rose 22.4%. Food and beverage prices also remained elevated, increasing 4.7% from a year earlier, highlighting persistent cost pressures in parts of the supply chain.
Meanwhile, Yen-based import prices climbed 0.5% yoy, up from a 0.2% gain in December. Despite a recent rebound in the currency, Yen’s broader weakness over recent months has raised the cost of imported energy and raw materials.
RBA’s Bullock says inflation above 3% “unacceptable,” keeps door open to more hikes
RBA Governor Michele Bullock reinforced the hawkish stance at a Senate estimates hearing today, making clear that further tightening remains on the table. “If we need to go up further because inflation is entrenched, the board will do so,” she said, stressing that returning inflation to target remains the central bank’s primary mandate.
Bullock said inflation running “with a three in front of it” is unacceptable. She noted that, at present, total demand is judged to be exceeding the economy’s capacity to supply, helping to explain ongoing inflation pressures. At the same time, she struck a more balanced tone on growth, pointing to the labour market as a key "positive". While productivity remains weak and limits how fast the economy can expand, employment conditions are holding up. “We’re in this position because the economy is actually doing okay,” Bullock said,.
The RBA raised the cash rate by 25 bps last week to 3.85%, reversing one of last year’s cuts, after underlying inflation accelerated to 3.4% in the latest quarter. With forecasts pointing to inflation reaching 3.7% this year, markets now price roughly a 75% chance of another hike to 4.10% at the May meeting.
BoC minutes stress geopolitical risks, keep policy optionality
The BoC left its benchmark overnight rate at 2.25% in January, and the published summary of deliberations underlined how elevated uncertainty has reshaped policy discussions. Members agreed that maintaining "optionality" in setting monetary policy was critical given the unusually turbulent backdrop.
The minutes highlighted that recent geopolitical events — including tensions in Venezuela, Iran and Greenland — along with perceived threats to the independence of the Fede — have amplified global uncertainty. U.S. trade policy, increasingly seen as driven by geopolitical aims, was identified as a key source of unpredictability that could disrupt global supply chains and impact economic activity.
BoC officials also flagged downside risks associated with the upcoming review of the United States-Mexico-Canada Agreement (USMCA), suggesting that unresolved trade negotiations could weigh on Canadian growth.
Against this backdrop, the minutes reinforce the view that the BoC is likely to stay on hold for now, with flexibility to respond as data evolve.
Shifting Tides in Canada-China Investment Relations
Highlights
- Canada and China recently entered a two-pronged strategic partnership. Tariff reductions will add an immediate layer of support to Canadian trade, while foreign investment benefits will unfold more slowly over time.
- The stock of Chinese direct investment in Canada could grow to around $90-100 billion over the next five years. This projection includes a cumulative $15 –25 billion of investment above a scenario in which no agreement was reached.
- Investment momentum is likely to remain strongest in Canada’s oil and gas sector, while EV, agri-food and technology investments will begin to gain traction. Investment in sensitive sectors like critical minerals, AI and telecommunication will remain tightly constrained by the Investment Canada Act.
- Deeper engagement with China has created some friction with the U.S. ahead of USMCA renegotiations, reinforcing limits on how far Canada can expand trade and investment ties.
Canada and China recently established an ‘Economic and Trade Cooperation Roadmap’, signaling a shift in economic strategy toward greater engagement with one another. The headline of the new deal was transparent and aimed at easing trade barriers between the two nations. By March 1st, Canada will reduce the 100% tariff rate on Chinese EVs to a Most-Favoured-Nation (MFN) rate of 6.1% while implementing an annual import quota of 49,000 vehicles (rising to 70k by 2030). In return, China will lower tariffs on Canadian agricultural exports, including canola seed – cut from around 84% to 15% – and will remove or reduce duties on products such as lobsters, peas, crabs, and canola meal.
In the near-term, this could alleviate some pressure on overall Canadian trade, while supporting the country’s efforts to expand its export rotation beyond North American borders. Indeed, Chinese tariffs have significantly impacted Canadian canola product exports – down by over 50% year-to-date (YTD) as of October 2025. Other tariffed products, like seafood, pork, and peas, have also seen YTD export declines ranging from 10% to 30%. The revised tariff structure offers relief for agricultural trade, and it is expected that Canada will recover part, though not all, of the lost exports in 2026. Regarding EVs, current import quotas mean EV imports will represent just 3% of total auto sales, with a slight increase as quota limits rise in coming years. While Teslas continue to dominate EV imports under the quota, several Chinese EV manufacturers are showing interest in entering the Canadian market.
The investment parameters of the new deal are where things become more opaque. The two nations jointly signed a Memorandum of Understanding (MoU) to stimulate bilateral investment, focused in areas including energy (both renewable and non-renewable), clean technology, agriculture and food, and consumer and technology sectors. This MoU does not constitute a binding investment treaty; it merely builds on existing pathways without outlining specific investment quotas or financing guarantees. And unlike the trade-specific components of this deal, the net investment impact could take several years to be fully realized. Should Canada and China be successful in recalibrating their economic interests, we see inbound Chinese capital as a growing piece of Canada’s broader plan to catalyze $500 billion in private investment over the next five years.
China-Canada Investment Landscape
Historically, Canada and China have maintained a significant investment partnership. As of 2024, China (including Mainland China and Hong Kong) ranked as the fifth largest source of foreign direct investment (FDI) into Canada (Chart 1). What’s more, bilateral FDI stocks between Canada and China reached over 100 billion in 2024—the highest level on record and more than double the level recorded a decade ago (Chart 2). Compositionally, Canadian FDI into China accounts for around $40 billion of the cumulative bilateral stock, while Chinese FDI flows account for the remaining $65 billion.
Despite these all-time high investment levels, the pace of bilateral investment growth – particularly of Chinese FDI into Canada – has slowed since 2019. That slowdown reflects a mix of political tensions, increased regulatory scrutiny in Canada, Chinese capital controls and pandemic related disruptions. This partnership comes at an opportune time as it allows both nations to course-correct economic relations during a time where the push to diversify across global markets is intensifying.
Identifying the upside to future investment potential is a key question. We can look to the early-2000s to get a sense for how investment flows react to certain structural, political and strategic shifts. China introduced a “Going Out” policy at the turn of the century, which actively encouraged Chinese firms to invest overseas. Canada was considered a suitable candidate for investment, as Chinese investors at that time primarily sought out countries abundant in natural resources. As a result, the share of inward FDI to Canada from China shot higher from 1.5% in 2004 to over 4% in the years following the policy’s introduction. That share would eventually reach over 5% by 2019 before ultimately finding a steady state of around 4.5% in recent years (Chart 3).
While today’s partnership may not be as transformative as the policy changes from two decades ago, China could steadily claim a larger share of Canada’s incoming investment in the coming years. Assuming total Canadian inward FDI grows at an organic 5 % annually, it’s reasonable that Chinese investment could cumulatively add another $15 billion (over the next five years) beyond what would likely occur without a new partnership (Chart 4). In this base scenario, China’s portion of total Canadian incoming FDI is projected to steadily return to 5.3%, reaching its peak level from 2019. A more optimistic, but not improbable scenario, is one where Chinese FDI growth into Canada significantly outpaces other nations, leading to upwards of $25 billion in excess investment over the next 5 years, equivalent to 6% of total inward Canadian FDI. All told, we see the stock of Chinese FDI in five year’s time being somewhere in the range of $90-100 billion, compared to Canadian total inward FDI of around $1.7 billion.
Where Could the Money Flow?
Canada’s energy sector, particularly oil and gas, forms the backbone of Chinese FDI interests in Canada (Chart 5). Existing linkages suggest that Chinese investments in oil and LNG are likely to remain robust and grow steadily over the next several years. Canada’s role as a supplier of energy to Asia (including China) has been growing with new infrastructure such as the Trans Mountain Expansion (TMX) which has allowed for a scaling up of exports to Chinese markets. Additionally, PetroChina already holds a 15% share in LNG Canada, and the recently fast-tracked LNG Phase 2 project from the Major Projects Office (MPO) offers an appealing new avenue for investment. Other noteworthy opportunities include oilsands, refining, and emerging low-carbon energy technologies.
One of the more dynamic new areas of Chinese corporate interest is the automotive and EV sector. By limiting EV tariffs to the MFN rate, Canada is demonstrating a cautious willingness to open markets to Chinese EV makers, with potential investments in manufacturing, battery, and supply-chain facilities. And we’re seeing that ball begin to roll. Chery Automobile Co., a Chinese automaker, recently reported that they are preparing to enter the Canadian EV market, indicating plans to build a full Canadian sales operation and opening offices. Similarly, Ottawa is encouraging Chinese investment in Canada’s food processing, manufacturing and agricultural research sectors. Canada’s large agricultural sector has long been under-invested in, making foreign capital (including from China) potentially more attractive.
Elsewhere, finance and insurance, professional services, and technical sectors have emerged as growing areas of Chinese investor focus, as China diversifies out of natural resources. On the finance and insurance side, this could include stake acquisitions in financial institutions, asset managers, or fintech, and partnerships in professional services. On the tech side, there’s increasing interest in investment toward higher value, innovation-driven segments like technologies linked to EVs and advanced manufacturing.
New Investment Will Not Come at the Expense of Due Diligence
The Investment Canada Act (ICA) governs all foreign direct investments in Canada and its full rule set will still apply to China regardless of recent agreements. The level of review for potential investments varies. Most investment only require a simple notification with no formal approval needed. Large acquisitions of control (above thresholds) require pre-approval under the “net benefit to Canada” test. Lastly, any investment of any size can be reviewed for national security if concerns arise.
Under the ICA, no country is categorically banned from investment, but China has historically faced heightened scrutiny of specific investments due to national security and competition concerns. For example, in 2022 , Canada adopted a policy effectively restricting investments by state-owned or state-influenced enterprises in sensitive sectors like critical minerals, disproportionally affecting China. These investments are either blocked or only allowed on an exceptional basis. Also in recent years, a disproportionate number of national security screens under the ICA involved Chinese investors. Some major Chinese investments impacted by the ICA in the past include: the blocked $1.5 billion takeover of Aecon in 2018, the forced exit of China Mobile in 2021, the blocked $230 million purchase of TMAC resources, and forced divestitures by three Chinese firms in Canadian lithium companies–among several others.
The ICA won’t be re-written because of this deal, but it may be applied differently in select circumstances. A warmer policy climate will open the door to more Chinese investment approvals in manufacturing, auto supply chains, traditional energy infrastructure. Investment vehicles like joint ventures or strategic alliances may see speedier reviews. The guardrails will be firmly in place in areas like critical minerals, AI, telecommunication, defense and data-intensive platforms, which will likely stay highly restricted.
Other Considerations: USMCA Review
Canada’s new strategic partnership with China has created friction with the U.S. administration ahead of USMCA renegotiations later this year. In a Truth Social post, President Trump threatened punitive tariffs on Canadian goods of 100% if Canada negotiates a free-trade deal (FTA) with China. Prime Minister Carney was quick to point out that this new partnership is not an FTA and Canada has no intention of pursuing a comprehensive free trade deal with China. Moreover, in a hearing before the U.S. Senate Banking Committee last week, Treasury Secretary Bessent stated that the U.S. would not remove tariffs on Canada even if Canada eliminated its own levies on U.S. goods, citing the risk of Canada being a gateway for Chinese EVs entering into the U.S. market. As the USMCA review gains steam, Canada will need to be mindful of potential downside risks to its trade relationship with the U.S. with its goals of deeper engagement with China and other trading partners.
Bottom Line
Canada’s economic and investment cooperation framework with China pushes Canada’s global positioning in the right direction. The deal should provide modest near term trade support, though meaningful investment gains may take some more time. Over the medium-term, China will likely regain more of Canada’s FDI pie, an important shift as the nation seeks to drive substantial capital flows into the country. Oil, LNG and EV related supply chains stand out as the most likely beneficiaries, while areas such as critical minerals, AI and data intensive industries remain tightly constrained. Heightened U.S. sensitivities ahead of USMCA renegotiations reinforce clear limits on how far Canada can deepen investment ties with China.
USD/JPY Outlook: Momentum Bearish, But Can Dollar Find Support on Strong Jobs Data?
- USD/JPY is experiencing significant pressure, trading below the 100-day MA near 152.800.
- The Yen's unexpected rally is due to political clarity/responsible fiscal policy post-election and speculative short-covering.
- A brief positive reaction in the US dollar following the jobs report is being tested, with pressure on the Fed to act on high rates.
- Attention turns to initial jobless claims and the US CPI release on Friday.
USD/JPY is experiencing significant downward pressure with prices pushing down to a daily low at 152.800. The pair is now trading below the 100-day MA but is more downside still a possibility?
Reasons for the move
Post-Election Yen strength
The Yen has defied expectations of weakness following Prime Minister Takaichi’s landslide election victory.
- Fiscal Clarity: Instead of the feared "fiscal dove" sell-off, the market responded positively to the political clarity and Takaichi’s "responsible fiscal policy" (noting she would not use debt to fund tax cuts).
- Short Covering: Speculators who were "short" on the Yen (betting against it) are aggressively unwinding their positions, creating a "squeeze" that has pushed the Yen higher against both the USD and EUR.
Performance of the US dollar
The US Dollars recent performance has aided the Yen's rise but a brief bout of US dollar positivity came about after the US jobs report today.
The question now is whether the US dollar can build on this momentum or is it just another short-term knee-jerk reaction? The immediate reaction saw rate cut expectations for the US pushed back to July but with President Donald Trump just yesterday taking aim at high rates once more, there is pressure on incoming Fed Chair Warsh to act.
If the Dollar index extends its recovery, USD/JPY may rise once more and could break back above the 100-day MA.
US Dollar Index (DXY) Daily Chart, February 11, 2026
Source: TradingView
Economic data and potential catalysts ahead
The major data release left for this week will come from the US this week.
Later today we have some Fed speakers on deck before attention turns toward tomorrow's release of initial jobless claims.
The week will come to an end with the US CPI release on Friday which could solidify the recent changes to rate cut expectations.
For all market-moving economic releases and events, see the MarketPulse Economic Calendar.
Technical Analysis - USD/JPY
From a technical standpoint, USD/JPY is currently trading below the 100-day MA.
There is concern that USD bulls may be returning and this could hamper the Yens current rally.
The period-14 RSI though remains below the 50 neutral level which hints at bearish momentum remaining in play.
Short-term traders may be looking for rallies toward 154.00 to sell, targeting a move toward the 152.00–152.10 support zone.
USD/JPY Daily Chart, February 11, 2026
Source: TradingView (click to enlarge)
Support
- 153.40
- 152.21
- 151.53
Resistance
- 154.48 (100-day MA)
- 155.00
- 156.27 (50-day MA)















