0235 GMT - USD/JPY's near-term risks appear skewed to upside, based on technical analysis, StoneX's Matt Simpson says in commentary. The currency pair closed above December's high, Simpson says, and sees the pair approaching his target near the monthly pivot point at 155.43. However, key resistance zone looms, with the 50-day moving average converging near the 156.00 level, the senior market analyst says. Also, USD/JPY's current rebound on the daily chart is "effectively retracing part of last week's bearish engulfing candle," Simpson says. USD/JPY is 0.1% higher at 154.93, FactSet data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 18, 2026 21:35 ET (02:35 GMT)
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