It remains to be seen whether there will be any change in the back-and-forth movement of the euro-dollar exchange rate.

It remains to be seen whether there will be any change in the back-and-forth movement of the euro-dollar exchange rate.

13.10.2022

Yesterday, the U.S. dollar rose against the weakening Japanese yen. The USD/JPY pair climbed by about 1 yen, from 145.809 to 146.967. It surpassed the high reached before last month’s currency intervention, marking a 24-year high.Although the USD/JPY pair has risen to the 147-yen level, the price movement itself has been gradual rather than abrupt. Therefore, it will be worth watching whether today’s U.S. CPI release will drive the U.S. dollar even higher.

Among European currencies, the euro remained in a stalemate against the U.S. dollar. The EUR/USD pair traded in a range of just over 60 pips between 0.9667 and 0.9732, forming a sideways market with no clear direction.During today’s Asian session, the pair has yet to show a clear direction and is currently looking for a trigger to start a trend at the 61.8% Fibonacci retracement level on the 4-hour chart. On the daily chart, the RSI has reversed, so we will be watching to see if the pair rises during the U.S. session.

Today’s schedule includes the German Consumer Price Index at 3:00 PM Asia time, Swiss Producer Import Prices at 3:30 PM, remarks by a member of the Bank of England’s Monetary Policy Committee at 8:00 PM Europe time, and remarks by German Bundesbank President Nagel at 9:00 PM, followed by U.S. Initial Jobless Claims and the U.S. Consumer Price Index at 9:30 PM, and U.S. Weekly Natural Gas Inventories at 11:30 PM.remarks by Bundesbank President Nagel, at 21:30 US time US Initial Jobless Claims and the US Consumer Price Index, at 23:30 US weekly natural gas inventories, at 24:00 US weekly crude oil inventories, and at 26:00 a US 30-year Treasury bond auction. We will be watching to see if there are any changes in the price movements of the euro/dollar pair, which has been in a tight range.

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?