Keep an eye on price movements over the weekend

Keep an eye on price movements over the weekend

09.04.2021

Yesterday, the three major U.S. stock indices all rose; the Dow Jones Industrial Average closed at $33,503, up 0.17% from the previous day, while the S&P 500 hit a new all-time high, closing at 4,097 points. Crude oil remained flat in the $59 range even after the announcement of increased production, while gold rose from yesterday’s levels, recovering to the $1,750 range.

Although the foreign exchange market saw a gradual strengthening of the yen yesterday, cross-yen pairs rebounded slightly during today’s Asian trading session, with USD/JPY currently trading around 109.3. Among the cross-yen pairs, EUR/JPY has rebounded the most from its lows, rising to the 130.1 level after briefly falling to 129.5.

Today, at 3:00 PM, Germany’sIndustrial Production and the Trade Balance at 3:00 PM; French Industrial Production and the French Manufacturing Production Index at 3:45 PM; the UK Halifax House Price Index at 4:30 PM; the Canadian Unemployment Rate and Net Change in Employment, along with the U.S. Producer Price Index, at 9:30 PM; and U.S. Wholesale Inventories (final reading) and remarks by Kaplan, President of the Dallas Federal Reserve Bank, at 11:00 PM.We will closely monitor currency strength to carefully assess whether the downward trend in cross-yen pairs will pause and shift back to an upward trend.

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