Market participants may be on alert for statements from key figures scheduled during U.S. trading hours
22.06.2021
- Testimony by Federal Reserve Chair Powell before Congress
- U.S. Daily: Remarks by the President of the San Francisco Federal Reserve Bank
Yesterday, the three major U.S. stock indices all rose, marking a return to a risk-on market characterized by rising stock prices, interest rates, and commodity prices. Gold rebounded and is currently trading around $1,787. In remarks made yesterday by U.S. Federal Reserve Bank of St. Louis President Bullard, he stated that “it is appropriate to begin discussions on tapering quantitative easing,” a comment that supports the expectation that tapering will soon begin in earnest.
Amid a risk-on sentiment, cross-yen pairs have been rebounding since yesterday’s European session and continue to rise during today’s Asian session. Among the cross-yen pairs, the EUR/JPY has shown the strongest upward momentum, rising by about 150 pips from 130.04 to 131.5. On the daily chart, the downside is firmly supported by the 120-day moving average.
Today’s key economic indicators include the Turkish Consumer Confidence Index at 16:00 CET, the UK CBI Business Survey at 19:00, U.S. Existing Home Sales and the Richmond Fed Manufacturing Index at 23:00, remarks by Cleveland Fed President Mester at 23:30, and remarks by San Francisco Fed President Daly at 24:00.remarks by San Francisco Fed President Daly, at 02:00 the US 2-year Treasury auction, and at 03:00 the US Fed Chair Powell’s congressional testimony. We will be closely monitoring whether the yen-selling trend continues.
Author: Keisuke Sakurai
Past Market Reports
20.04.2026
With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall
17.04.2026
Will the market wait and see how much further the U.S. dollar can rise against the yen?
16.04.2026
Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.
15.04.2026
Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar
14.04.2026
Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?
13.04.2026
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
10.04.2026
Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?
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?
08.04.2026
Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?
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
