Attention on U.S. Initial Jobless Claims
01.04.2021
- Cross-yen pairs are in a correction phase
- Crude Oil Down, Gold Up
Yesterday, the S&P 500 and the Nasdaq rose in U.S. markets, with the Nasdaq closing at 13,246, up 201 points from the previous day. The release of the Chicago Purchasing Managers' Index, which came in at 66.3—exceeding the forecast of 61.0—also appeared to be well-received.
In the foreign exchange market, the Dollar Index, which had been rising, is now consolidating around the 93.2 level, while the USD/JPY pair touched 110.96 before entering a gradual downtrend. As cross-yen pairs are generally undergoing a corrective decline, traders should wait for the right timing before entering new long positions.
Today, at 3:00 PM, German retail sales and Swiss CPI and retail sales; at 4:00 PM, Turkish manufacturing PMI; at 4:30 PM, Swiss manufacturing PMI; at 4:50 PM, French manufacturing PMI (final); at 5:30 PM, UK manufacturing PMI (final);U.S. initial jobless claims at 9:30 PM, the U.S. ISM Manufacturing Index at 11:00 PM, and remarks by Harker, President of the Federal Reserve Bank of Philadelphia, at 2:00 AM. With tomorrow’s U.S. jobs report on the horizon, we will be watching closely to see how long the U.S. dollar’s momentum will last.
Author: Keisuke Sakurai
Past Market Reports
21.04.2026
With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall
20.04.2026
Will the market wait and see how much further the U.S. dollar can rise against the yen?
17.04.2026
Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.
16.04.2026
Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar
15.04.2026
Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?
14.04.2026
Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures
13.04.2026
Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?
10.04.2026
Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?
09.04.2026
Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?
08.04.2026
Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran
