Will the release of the FOMC minutes trigger price movements? All eyes are on the direction of the U.S. dollar.

Will the release of the FOMC minutes trigger price movements? All eyes are on the direction of the U.S. dollar.

23.11.2022

In the previous day’s U.S. currency trading, the USD/JPY pair fell as the Dollar Index dropped to 107.1. The USD/JPY fell by approximately 130 pips, from 142.240 to 140.906.Although a slight rebound has been seen during today’s Asian session, trading range remains limited ahead of the U.S. Thanksgiving holiday on the 24th. However, with the release of the FOMC minutes scheduled for today, we will be watching to see if the pair breaks above the daily 20-day moving average and returns to an uptrend.

European currencies saw the euro trade in a seesaw pattern against the yen after yesterday’s release of the EU’s September current account balance, which narrowed from the previous reading of a deficit of €26.3 billion to a deficit of €8.1 billion. The euro/yen pair rose from 144.879 to 145.708.It is attempting to rise again during today’s Asian session and is currently trading around 145.934. Since it has already broken above the upper boundary of the downtrend line on the 4-hour chart, we will be watching closely to see if it continues to rise heading into the European session.

Today, at 5:15 PM, France’s Manufacturing/Services PMI; at 5:30 PM, Germany’s Manufacturing/Services PMI; at 6:00 PM, the Eurozone’s Manufacturing/Services PMI; at 6:30 PM, the UK’s Manufacturing/Services PMI; at 9:00 PM, the U.S. MBA Mortgage Applications Index; at 10:30 PM, U.S. Initial Jobless Claims and U.S. Durable Goods Orders;at 11:45 PM: US Manufacturing/Services PMI; at 12:00 AM: US New Home Sales, US University of Michigan Consumer Sentiment Index; at 12:30 AM: Remarks by MPC Member Pill (UK), US Weekly Crude Oil Inventories; and at 4:00 AM: Release of the FOMC Minutes.We will be closely monitoring the direction of the US dollar to see if the release of the FOMC minutes triggers any price movements.

Past Market Reports

1. 21.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 20.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 15.04.2026

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 14.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 13.04.2026

   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. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 09.04.2026

   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. 08.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?