Will the trend of the Japanese yen being bought back continue into the start of the week?

Will the trend of the Japanese yen being bought back continue into the start of the week?

04.07.2022

Last weekend, the U.S. dollar saw buying pressure similar to that of the Japanese yen, and as the Dollar Index rose to 105, the GBP/USD pair fell from 1.2188 to 1.1197. Technically speaking, 1.1930 is the most recent low, and a break below this level would signal a return to a zone of uncertainty. For now, we will wait and see cautiously to determine whether the pair will find solid support at 1.1930.

European currencies saw the euro fall sharply against the U.S. dollar, from 1.0485 to 1.0366.Although the European manufacturing PMI released last weekend came in at 52.1, exceeding market expectations, concerns about a recession driven by expectations of interest rate hikes intensified as the European consumer price index, released on the same day, rose to 8.6%. Since the EUR/USD pair has reached the monthly support level around 1.0340, we will closely monitor the situation to see if a significant rebound occurs.

Today, the German trade balance is scheduled for 3:00 PM Asia time, followed by the Swiss Consumer Price Index at 3:30 PM. During European trading hours, the Turkish Consumer Price Index and Producer Price Index are set for 4:00 PM, with the Eurozone Producer Price Index at 6:00 PM. Finally, at 11:00 PM U.S. time, German Bundesbank President Nagel is scheduled to speak.We need to closely monitor whether the trend of the Japanese yen being bought back will continue into the start of the week.

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?