Investors should be wary of sudden price movements while markets in Europe and the U.S. are closed

Investors should be wary of sudden price movements while markets in Europe and the U.S. are closed

26.12.2022

Last weekend, the U.S. dollar saw a seesawing trend against the yen following the release of the November U.S. PCE deflator, which came in at 5.5% year-over-year—below the market forecast of 5.6%. The USD/JPY pair experienced volatility amid a gradual rise that had been underway since Asian trading hours, fluctuating between 132.506 and 133.116.In today’s Asian session, the pair is trading around 132.596, showing little change from previous levels.

European currencies remained in a stalemate between the euro and the U.S. dollar, with the EUR/USD pair trading in a range between 1.0586 and 1.0633. Technically speaking, the EUR/USD has been trading at the same level for over a week, and the Bollinger Bands are showing signs of narrowing. While European and U.S. markets will be closed today and tomorrow, traders should be on the lookout for significant price movements when trading resumes.

Today’s economic indicators include Turkey’s capacity utilization rate and manufacturing confidence index at 4:00 PM European time, Brazil’s FGV consumer confidence index at 8:00 PM, and South Korea’s consumer confidence index at 12:00 AM U.S. time. While Japan is back in business after Christmas, markets in major countries such as the U.S. and the U.K. are closed for the Christmas holiday.With markets in Europe and the U.S. closed, traders should be cautious of sudden 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. 15.04.2026New

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

6. 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?