Should we focus on the inverse correlation between the U.S. dollar and Oceania currencies?

Should we focus on the inverse correlation between the U.S. dollar and Oceania currencies?

04.01.2022

Yesterday, the three major U.S. stock indices all rose, resulting in a market environment characterized by higher stock prices, higher interest rates, and flat crude oil prices. Commodity markets fell, with gold dropping from $1,827 to $1,805. Meanwhile, the Nikkei 225, trading on its first session of the year today, rose strongly from the morning session, gaining about 1.38% from the previous day and trading in the 29,200-yen range.

In the foreign exchange market, while cross-yen pairs are generally falling, the U.S. dollar has remained firm, with USD/JPY rising to around 115.56. GBP/JPY fell to 154.98 before rebounding, finding support at the 75-period moving average on the hourly chart. Oceania currencies are showing even greater weakness against the yen than the pound, with AUD/JPY falling from 83.85 to 82.83.

Today, at 4:00 PM: German retail sales; at 4:30 PM: Swiss CPI; at 4:45 PM: French CPI (final); at 5:55 PM: German unemployment rate; at 6:30 PM: UK Manufacturing PMI (final);UK mortgage approvals and UK mortgage lending, at 10:30 PM: Canadian industrial product prices and Canadian raw material price index, and at midnight: US ISM Manufacturing PMI and US JOLTS survey. We should pay close attention to the release of these indicators from European to US trading hours and assess currency strength.

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