Market participants are watching closely to see if the release of the FOMC minutes will cause shifts in currency strength

Market participants are watching closely to see if the release of the FOMC minutes will cause shifts in currency strength

04.01.2023

In the U.S. currency market the previous day, the euro/dollar fell as the dollar index surged nearly 1% to 104.6.The EUR/USD pair fell by about 160 pips from 1.0683 to 1.0519, breaking below the range that had persisted for about two weeks. Technically, the EUR/USD has broken below the daily 20-day moving average (MA), and with the daily RSI at 52.2—a neutral level—we will be watching closely to see if the release of the FOMC minutes during U.S. trading hours brings any changes.

Among European currencies, the Swiss franc, which had been strengthening, fell against the yen. The CHF/JPY pair dropped by approximately 2.7 yen, from 141.684 to 138.951. It fell well below the 200-day simple moving average (SMA) on the daily chart. Since there is a support line in the low 137-yen range on the daily chart, we will be watching closely to see if the pair breaks below the 137-yen level.

Today’s schedule includes the German Import Price Index at 4:00 PM, the Swiss Consumer Price Index at 4:30 PM, the French Consumer Price Index at 4:45 PM, the French Services PMI at 5:50 PM, the German Services PMI at 5:55 PM, the Eurozone Services PMI at 6:00 PM, and the UKmortgage approvals and consumer credit balances, the U.S. MBA Mortgage Applications Index at 9:00 PM, the U.S. ISM Manufacturing PMI and JOLTS job openings at midnight, and the release of the U.S. FOMC minutes at 4:00 AM. We will carefully monitor the market direction to see if the release of the U.S. FOMC minutes leads to any shifts in currency strength.

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?