Should we keep a close eye on ECB President Lagarde’s press conference?

Should we keep a close eye on ECB President Lagarde’s press conference?

09.06.2022

In the previous day’s U.S. trading session, although the Dollar Index edged down slightly to the low 102s, the dollar remained strong against the yen, with USD/JPY rising by approximately 180 pips from 132.71 to 134.55. However, as Asian trading began today, the pair fell to 133.84, near the 20-period moving average on the hourly chart.The RSI has also fallen below 70, dropping to 53. We will be watching closely to see if the upward trend continues heading into U.S. trading hours.

While gains in other euro-yen crosses remained below 1%, the euro-yen pair surged by approximately 1.2%. It rose by more than 2 yen, touching 144.24—its highest level since December 2014. The euro is also gaining ground against the U.S. dollar. In today’s ECB policy rate announcement, attention will focus on any comments regarding the timing and magnitude of interest rate hikes.

Today, at 18:00 CET, South Africa’s current account balance will be released; at 20:00, South Africa’s manufacturing output; at 20:45, theECB policy rate and statement, U.S. initial jobless claims at 21:30 U.S. time, ECB President Lagarde’s press conference, U.S. weekly natural gas inventories at 23:30, remarks by BOC Governor McClem at 24:00, and a U.S. 30-year Treasury auction at 26:00.We should pay close attention to expectations of a eurozone rate hike and assess currency strength.

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?