Attention is likely to focus on renewed inflation concerns and movements in the U.S. dollar

Attention is likely to focus on renewed inflation concerns and movements in the U.S. dollar

10.01.2022

Last weekend, the three major U.S. stock indices all fell further, resulting in a market environment characterized by falling stock prices, rising interest rates, and lower oil prices.In the U.S. employment report released last Friday, while the unemployment rate fell from 4.2% the previous month to 3.9%, strong wage growth was revealed, reigniting inflation concerns. Bond selling accelerated, and the yield on the 10-year U.S. Treasury note temporarily rose to 1.79%.

As the yield on the 10-year U.S. Treasury note rose, the U.S. dollar fell. The euro/dollar pair rose from 1.129 to 1.136. However, the pair has been stuck in a trading range since late November of last year and remains range-bound between 1.122 and 1.137. We will be watching closely to see if comments from key officials or geopolitical news will cause the pair to break decisively in one direction or the other.

Today, Turkish employment data is scheduled for release at 4:00 p.m. CET, followed by European employment data at 7:00 p.m. CET, and U.S. wholesale sales figures during U.S. trading hours. (Today’s scheduled appearance by Bostic, President of the Atlanta Fed, at a conference has been postponed.) Although the Japanese market is closed today for a holiday, we will monitor the situation closely to see if any clear market movements emerge during European 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