Be on the lookout for sudden market movements at the end of the month amid geopolitical risks

Be on the lookout for sudden market movements at the end of the month amid geopolitical risks

28.02.2022

Last weekend, following reports that Russia and Ukraine had entered ceasefire negotiations, the USD/JPY surged during U.S. trading hours, rising from 115.15 to 115.75. However, the pair opened with a gap down of approximately 30 pips during today’s Asian session, and concerns about a decline remain unresolved.Technically, since USD/JPY is positioned just above the 20-day moving average (MA) on the daily chart, it would be prudent to wait and see until the price breaks decisively above or below this level with a solid candle body.

European currencies are trading weakly due to the deteriorating situation in Ukraine, with the euro emerging as the weakest currency during today’s Asian session. The EUR/JPY pair opened with a significant gap down of approximately 200 pips, and as of now during the Asian session, the gap has yet to be filled. From a technical perspective, the EUR/JPY pair appears to be capped by the monthly downtrend line, so we will be watching closely to see if the gradual decline continues.

Today, at 4:00 PM, Turkey’s Q4 GDP and trade balance; at 4:30 PM, Switzerland’s retail sales; at 5:00 PM, Switzerland’s KOF Leading Index; at 10:30 PM, Canada’s Q4 current account balance, industrial product prices, and raw materials price index; and U.S. wholesale inventories (flash estimate);at 11:45 PM, the U.S. Chicago Fed National Association Business Barometer; at 12:30 AM, the U.S. Dallas Fed Manufacturing Activity Index; and at 12:30 AM, remarks by U.S. Atlanta Fed President Bostic. With geopolitical risks persisting, we will be closely monitoring price fluctuations at the end of the month.

Past Market Reports

1. 22.04.2026New

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

2. 21.04.2026New

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

3. 20.04.2026New

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

4. 17.04.2026New

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

5. 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

6. 15.04.2026

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

7. 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

8. 13.04.2026

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

9. 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?

10. 09.04.2026

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