Market participants may be watching currency strength and weakness over the weekend while the Japanese market is closed
23.09.2022
- Remarks by U.S. Federal Reserve Chair Powell
- Remarks by Federal Reserve Vice Chair Brainard
In yesterday’s U.S. currency trading, the U.S. dollar fluctuated against the euro as the U.S. August Leading Economic Index improved to -0.3% from -0.4% the previous month, with the EUR/USD pair trading between 0.9808 and 0.9907.During today’s Asian trading session, the EUR/USD pair has edged lower, testing the downside. With the Dollar Index also holding steady at 111.3, we should remain cautious of a potential decline heading into the weekend.
Among European currencies, the pound fell against the U.S. dollar following yesterday’s announcement that the policy rate had been raised to 2.25%. Although GBP/USD rebounded from 1.1209 to 1.1364, it gave up nearly all of those gains following the rate announcement and is currently testing support around 1.1235 during Asian trading hours.As GBP/USD is currently in the process of hitting new lows, traders should exercise caution regarding excessive contrarian trades.
Today, at 16:15, France’s Manufacturing/Services PMI; at 16:30, Germany’s Manufacturing/Services PMI; at 17:00, the Eurozone’s Manufacturing/Services PMI; at 17:30, the UK’s Manufacturing/Services PMI; at 19:00, the UK’s CBI Retail Trade Survey; at 21:30, Canada’s Retail Sales;at 10:45 PM, the U.S. Manufacturing/Services PMI; at 12:30 AM, remarks by SNB Governor Jordan; and at 3:00 AM, remarks by Fed Chair Powell, Vice Chair Brainard, and Governor Bowman. With the Japanese market closed, we will be closely monitoring currency strength and weakness over the weekend.
Author: Keisuke Sakurai
Past Market Reports
22.04.2026
Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?
21.04.2026
With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall
20.04.2026
Will the market wait and see how much further the U.S. dollar can rise against the yen?
17.04.2026
Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.
16.04.2026
Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar
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?
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
13.04.2026
Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?
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?
09.04.2026
Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?
