Be on the lookout for price fluctuations depending on whether Russia invades Ukraine

Be on the lookout for price fluctuations depending on whether Russia invades Ukraine

14.02.2022

Last weekend, as expectations of U.S. interest rate hikes due to inflationary pressures took hold, the USD/JPY pair briefly touched 116.30. However, when reports emerged of a potential Russian invasion of Ukraine, the market shifted abruptly toward risk aversion, leading to widespread yen buying.The USD/JPY pair fell to 115.00. However, since the pair remains above its 20-day moving average, we need to carefully assess whether a rebound will occur first or if the decline will continue.

European currencies are also trading weakly amid reports of a worsening situation in Ukraine, with the EUR/AUD pair falling to the exact midpoint of its weekly range of 1.529–1.642. However, as the EUR/AUD appears to be finding support at the 200-week SMA, we need to carefully assess whether it will enter a rebound phase following this decline.Meanwhile, the EUR/GBP pair continues its gradual decline on a weekly basis, currently trading at 0.837.

Today, the following events are scheduled: Swiss producer and import prices at 4:30 p.m. CET, remarks by Brad of the St. Louis Fed at 10:30 p.m. CET, and remarks by ECB President Lagarde at 1:15 a.m. CET. While there are no major economic indicators scheduled for today, the possibility of a Russian invasion of Ukraine remains unresolved. Therefore, we will keep an eye on the headlines and monitor currency strength at the start of the week.

Past Market Reports

1. 21.04.2026New

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

2. 20.04.2026New

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

3. 17.04.2026New

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

4. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

5. 15.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

6. 14.04.2026

   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. 13.04.2026

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

8. 10.04.2026

   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. 09.04.2026

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

10. 08.04.2026

    Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran