Keep an eye on economic indicators to be released in the U.S.

Keep an eye on economic indicators to be released in the U.S.

02.04.2021

Yesterday, U.S. markets saw a risk-on environment characterized by rising stock prices, a stronger dollar, and lower interest rates, with the S&P 500 closing at a record high of 4,019 points. Although the number of new U.S. unemployment insurance claims released yesterday rose to 719,000—contrary to market expectations of 680,000—it did not have a significant impact on stock prices.

As the foreign exchange market is characterized by a trend of selling the yen and the U.S. dollar, the USD/JPY pair is trading sideways, unlike other yen crosses.Although it has held the key level of 110.00, the pair has fallen from its intraday high of 110.9 and is currently trading sideways around 110.6. In contrast, the British pound and the Canadian dollar are gaining momentum. GBP/JPY broke through 153.00 during today’s Asian session, while CAD/JPY has hit a new high for the year at 88.3.

Today, major global markets in Europe, the U.S., Singapore, and Hong Kong are closed for Good Friday. The key events scheduled for today include the U.S. employment report at 9:30 p.m. and remarks by Bostic, President of the Atlanta Federal Reserve, at midnight. While the market closures in major countries raise concerns about reduced volatility, the increase in remote workers due to the pandemic means we should remain vigilant for price fluctuations that are typical of holidays driven by retail traders.

Past Market Reports

1. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

2. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

3. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

4. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

5. 15.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

6. 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

7. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

8. 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?

9. 09.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

10. 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