Sterling Desk FX

USD/JPY Market Analysis (2026-10-28)

Updated:

Technical Analysis

Time zone: the chart is labeled UTC+9 in the lower-right corner; the input time 2026-10-28 11:00:00 is used with no further conversion. Key fact 1 [FACT]: On the 5-minute chart, 08:00-09:00 saw a low-level range followed by a high-volume push higher.

Fundamental Analysis

Japan's September services producer price index held high at 3.7% y/y. If core PCE or GDP beats expectations, the dollar would get additional support. Key event time: 2026-10-29 03:00:00.

Market Strategy

Other key information: volatility is normal; the ATR ratio of 52.7% did not trigger the circuit breaker.

Quantitative Analysis

Historically, bottom-fishing against the move in similar low-volatility conditions rarely works.

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