Keep an eye on the release of the U.S. Consumer Confidence Index

Keep an eye on the release of the U.S. Consumer Confidence Index

22.02.2022

In the previous day’s U.S. currency trading, the USD/JPY pair fell amid risk-off-driven yen buying, even as the Dollar Index rose slightly to 96.2. The pair broke below the key level of 115.00 from 115.12, dropping approximately 60 pips to 114.50.As USD/JPY appears to be forming a triple top on the daily chart, we will monitor the situation closely to see if it will fall to the support level at 113.44.

European currencies are under pressure as geopolitical risks have escalated following Russian President Putin’s statement that he would “recognize the independence of two regions in eastern Ukraine,” causing the euro to plummet. The euro/yen pair fell by approximately 150 pips from 130.89 to 129.36, marking its fourth consecutive day of decline. If this downward trend continues, there will be no significant support until 128.23, so traders should be wary of further declines.

Today, the Turkish Economic Sentiment Index and Capacity Utilization Rate are scheduled for release at 4:00 PM, followed by the German IFO Business Climate Index at 6:00 PM, remarks by Ramsden, Deputy Governor of the Bank of England, at 7:45 PM, and the UK CBI Business Survey at 8:00 PM. Once U.S. trading hours begin, the U.S. S&P/Case-Shiller Home Price Index is scheduled for 11:00 PM,at 11:45 PM, the US Manufacturing/Services PMI (flash estimates), at 12:00 AM, the US Richmond Fed Manufacturing Index and the US Consumer Confidence Index, at 3:00 AM, the US 2-year Treasury auction, and at 3:30 AM, remarks by Bostic, President of the Atlanta Fed. I plan to keep a close eye on the release of the US Consumer Confidence Index during US trading hours and monitor price movements closely.

Past Market Reports

1. 21.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 20.04.2026New

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

3. 17.04.2026New

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

4. 16.04.2026New

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

5. 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

6. 14.04.2026

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

7. 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

8. 10.04.2026

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

9. 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?

10. 08.04.2026

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