Market participants are likely keeping a close eye on the yen’s movements, which have been relatively firm amid weakness in Western currencies.

Market participants are likely keeping a close eye on the yen’s movements, which have been relatively firm amid weakness in Western currencies.

29.07.2022

In yesterday’s U.S. currency trading, the dollar index fell sharply to 105.8, causing the U.S. dollar to weaken. The dollar declined against both the yen and the Swiss franc. The USD/CHF pair fell by approximately 90 pips, from 0.9630 to 0.9541. During today’s Asian trading session, the USD/CHF pair has continued to decline, currently trading around 0.9509 and hitting a new low for the month.

European currencies saw the euro weaken amid inflation concerns, partly due to Germany’s July Consumer Price Index (CPI), released yesterday, rising to 7.5% year-over-year.The EUR/USD pair fell by approximately 110 pips from 1.0235 to 1.0113. The market is currently range-bound, with the upside capped by the daily 20-day moving average (MA). However, since the daily RSI is trending upward, we will be watching closely to see if the pair breaks above the daily 20-day MA and continues to rise.

Today’s schedule includes Germany’s Import Price Index at 15:00 (Asia time), Switzerland’s Retail Sales at 15:30, and France’s Consumer Price Index at 15:45; followed by Switzerland’s KOF Leading Index and Turkey’s Trade Balance at 16:00 (Europe time), Germany’s Unemployment Rate at 16:55, Germany’s Q2 GDP (flash estimate) at 17:00,at 6:00 PM for the Eurozone Q2 GDP (flash estimate), and during U.S. trading hours at 9:30 PM for Canada’s GDP, U.S. personal income, and the U.S. core PCE deflator, at 10:45 PM for the U.S. Chicago PMI, and at 11:00 PM for the U.S. University of Michigan Consumer Sentiment Index.With European and U.S. currencies showing weakness, it will be interesting to see if the relatively strong Japanese yen will make its presence felt 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?