Will the U.S. dollar continue to rise amid rising U.S. bond yields?

Will the U.S. dollar continue to rise amid rising U.S. bond yields?

11.10.2021

Last weekend, the three major U.S. stock indices all fell slightly, resulting in a market environment characterized by falling stock prices, rising interest rates, and higher oil prices. The U.S. employment report released last Friday showed that nonfarm payrolls came in at 194,000, compared to a forecast of 500,000, marking the weakest growth in about nine months. Meanwhile, the unemployment rate fell further from the previous month’s 5.2% to 4.8%.

In the foreign exchange market, although the yield on the 10-year U.S. Treasury note has risen above 1.6%, the U.S. dollar’s rebound has been limited.While USD/JPY showed a rebound along the 4-hour 20-MA, EUR/USD has found solid support on the downside and is currently testing the 1.157 level, attempting to decisively break above the 4-hour 20-MA with a closing price. With the yen generally weak and cross-yen pairs rising, USD/JPY is likely to continue its upward trend for the time being, albeit with some range-bound trading.

Today, Turkey’s employment statistics and current account balance are scheduled for release at 4:00 PM, and South Africa’s SACCI Business Confidence Index is set for release at 6:30 PM; no other major economic indicators are scheduled for release.This week, the release of the U.S. FOMC minutes and Australian employment data is scheduled for Thursday, the 14th, while the Eurozone trade balance and the University of Michigan Consumer Sentiment Index are set for Friday, the 15th. We will closely monitor whether any notable price movements occur at the start of the week in U.S. trading hours.

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