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USD/JPY Still Driving the Dollar Basket as DXY Tests Key Resistance

It's been a comeback type of week for USD/JPY so far but perhaps the larger test is what lies ahead. The pair was in breakdown mode last week even with what probably would've been expected to be bullish drivers, in the form of a Sanae Takaichi/LDP win in the weekend elections and then a relatively strong NFP report on Wednesday.
Date: 19.02.2026  |  Source: forex.com
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Quotes

Instrument Price Change (%)
EURUSD 1.177590 -0.065345%
GBPUSD 1.347170 -0.15934%
USDJPY 154.989000 +0.15444%
XAUUSD 4997.590000 +0.40846%
USDCAD 1.368030 -0.10588%
NZDUSD 0.597450 +0.1895%
USDCHF 0.774800 +0.31202%
AUDUSD 0.705980 +0.24992%
EURGBP 0.874050 +0.16158%
EURJPY 182.520000 +0.069081%
GBPJPY 208.797000 -0.026813%
AUDJPY 109.424000 +0.38807%
CADJPY 113.303000 +0.26104%
CHFJPY 200.048000 -0.13479%
NZDJPY 92.591000 +0.31745%
GBPCHF 1.043740 +0.11606%
EURCHF 0.912390 +0.20318%
USDMXN 17.249000 +0.32916%
USDZAR 16.153300 +0.54151%
USDTRY 43.729500 +0.094534%
USDRUB 76.746100 -0.003518%
USDSEK 9.057350 +0.33121%
USDCNY 6.908100 +0.008686%

Upcoming Important Events

Time Country Event Forecast Previous
19.02.2026
23:30 🇯🇵 Inflation Rate YoY (Jan) 1.9 2.1
20.02.2026
07:00 🇬🇧 Retail Sales MoM (Jan) 0.2 0.4
08:30 🇩🇪 HCOB Manufacturing PMI (Feb) 49.8 49.1
09:30 🇬🇧 S&P Global Manufacturing PMI Flash (Feb) 51.9 51.8
09:30 🇬🇧 S&P Global Services PMI Flash (Feb) 53.6 54
13:30 🇺🇸 Core PCE Price Index MoM (Dec) 0.2 0.2
13:30 🇺🇸 GDP Growth Rate QoQ (Q4) 3.5 4.4
13:30 🇺🇸 Gross Domestic Product QoQ (Q4) 3 4.4
13:30 🇺🇸 Personal Income MoM (Dec) 0.1 0.3
13:30 🇺🇸 Personal Spending MoM (Dec) 0.4 0.5