Keep an eye on changes in volatility during U.S. trading hours

Keep an eye on changes in volatility during U.S. trading hours

30.05.2022

Last weekend, the U.S. dollar traded in a tight range against the yen and the euro, while the GBP/USD pair moved sideways between 1.258 and 1.266.However, looking at the hourly chart, the pair has been rebounding gradually since hitting a bottom on May 13. We will need to monitor the RSI level carefully to determine whether the rally will continue up to around 1.273, which is the 61.8% Fibonacci retracement level on the daily chart.

Among European currencies, the Swiss franc has shown a notable rebound, with the CHF/JPY pair posting a strong bullish candle for the second consecutive week. During today’s Asian trading session, the pair has been trading around 132.77. Although the upward trend continues, the gains have been modest, keeping the 4-hour RSI below 70. With the CHF/JPY already above the 200-period SMA on the 4-hour chart, we need to carefully assess whether the pair will continue to rise.

Today, during European trading hours, Germany’s import price index and Japan’s machine tool orders will be released at 15:00, followed by Switzerland’s KOF Leading Index and South Africa’s fiscal balance at 16:00. During U.S. trading hours, Canada’s first-quarter current account balance will be released at 21:30,at 12:00 AM, remarks by Fed Governor Waller; at 2:00 AM, remarks by Bundesbank President Nagel; and at 7:45 AM the following day, New Zealand housing construction permits. Since U.S. markets are closed today for Memorial Day, investors should be cautious of volatility during U.S. trading hours.

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?