Should we keep an eye on currency movements in Oceania?

Should we keep an eye on currency movements in Oceania?

25.05.2021

Yesterday, the three major U.S. stock indices all rose, with the S&P 500 closing at 4,197 points, up 0.99% from the previous day. As stock prices rose, the fear index (VIX) fell to 18.4. Although the U.S. State Department advised against travel to Japan, the impact on Japanese stocks was limited, and the Nikkei Average continued to rise today.

The foreign exchange market has seen a downward trend in U.S. long-term bonds and the U.S. dollar since yesterday’s U.S. trading session, but this is not due to an economic slowdown. Since the USD/JPY pair has support around 108.3 on the daily chart, traders should be cautious about chasing the market down too aggressively. Additionally, Oceania currencies have recently been unable to break out of their range, with the AUD/USD currently consolidating around 0.775.

Today’s schedule includes the German IFO Business Climate Index at 3:00 PM, the UK CBI Retail Trade Survey at 7:00 PM, remarks by Chicago Fed President Evans at 8:40 PM, and remarks by Richmond Fed President Barkin at 9:00 PM,Richmond Fed President’s remarks, at 22:00 the U.S. S&P Case-Shiller Home Price Index, at 23:00 the U.S. Consumer Confidence Index and U.S. New Home Sales, the U.S. Richmond Fed Manufacturing Index, remarks by U.S. Federal Reserve Vice Chair Quarles, and at 26:00 the U.S. 2-year Treasury auction are scheduled to be released.We will carefully monitor whether any movement emerges in the Oceania currencies, which have been trading within a range.

Past Market Reports

1. 17.04.2026New

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

2. 16.04.2026New

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

3. 15.04.2026New

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

4. 14.04.2026New

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

5. 13.04.2026New

   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

6. 10.04.2026

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

7. 09.04.2026

   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?

8. 08.04.2026

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

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed