Keep an eye on the trend of cross-yen pairs, which are rising gradually

Keep an eye on the trend of cross-yen pairs, which are rising gradually

27.01.2022

Yesterday, in the U.S. markets, two of the three major stock indices fell toward the close, resulting in a market environment characterized by falling stock prices, rising interest rates, and lower gold prices. In the commodities market, while both silver and gold declined, palladium saw significant gains, rising by more than 5.6%. The VIX (fear index) remains stuck in elevated territory, hovering around 31.9.

In the foreign exchange market, cross-yen pairs have risen slightly, with GBP/JPY climbing from yesterday’s low of 153.56 to 154.73. However, from a technical perspective, GBP/JPY has pulled back after hitting resistance at the 200-period moving average on the hourly chart. We will be watching to see if this pullback stops without breaking below the recent low of 152.90.

Today, at 16:00 CET, the German GfK Consumer Confidence Survey and Swiss Trade Balance will be released; at 20:00 CET, the UK CBI Retail Trade Survey will be released; and at 22:30 EST, U.S. Initial Jobless Claims and U.S. Q4 GDP (flash estimate) will be released,U.S. personal consumption, U.S. durable goods orders, U.S. pending home sales at 12:00 a.m., U.S. weekly natural gas inventories at 12:30 a.m., U.S. Kansas City Fed Manufacturing Index at 1:00 a.m., and a U.S. 7-year Treasury auction at 3:00 a.m. With the U.S. dollar on the rise, we want to carefully assess the direction European currencies will take.

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