Keep an eye on the movements of cross-yen pairs, which are showing signs of a rebound

Keep an eye on the movements of cross-yen pairs, which are showing signs of a rebound

18.01.2022

Although U.S. markets were closed yesterday for Martin Luther King Jr. Day, yields on 5-, 10-, and 30-year U.S. Treasuries surged, with the 10-year yield rising to 1.83%. Commodity markets, which had been falling, rebounded, with gold rising slightly to $1,822. The cryptocurrency market fell across the board, with BTC/USD dropping to the $42,300 range.

In the foreign exchange market, cross-yen pairs have been trending higher during today’s Asian session, with AUD/JPY rising from 82.56 to 82.88. Technically, AUD/JPY is rebounding on the 4-hour chart, finding support at the 200-period simple moving average (SMA). Furthermore, the pair remains within a parallel channel, and as it is currently rising from the lower boundary toward the upper boundary around 83.30, we will be watching to see if this upward trend continues.

Today, the UK unemployment rate is due at 4:00 PM, Swiss producer import prices at 4:30 PM, and the GermanZEW Economic Sentiment Survey at 6:30 PM, the Turkish Housing Price Index at 8:30 PM, Canadian Housing Starts at 10:15 PM, the U.S. NY Fed Manufacturing Index at 10:30 PM, the U.S. NAHB Housing Market Index at midnight, and U.S. Foreign Investment in U.S. Securities at 6:00 AM the following day. We will be closely monitoring the direction of the rebound in cross-yen pairs.

Past Market Reports

1. 20.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

2. 17.04.2026New

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

3. 16.04.2026New

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

4. 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

5. 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?

6. 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

7. 10.04.2026

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

8. 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?

9. 08.04.2026

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

10. 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