Will the U.S. dollar experience volatility following the U.S. CPI release? Investors should remain vigilant regarding price movements.

Will the U.S. dollar experience volatility following the U.S. CPI release? Investors should remain vigilant regarding price movements.

14.03.2023

In the previous day’s trading, the U.S. dollar faced resistance due to the failure of two U.S. banks, causing it to decline against the yen. It became the weakest currency. The USD/JPY pair fell by approximately 270 pips from 135.051 to 132.284, reaching a level not seen in a month.The USD/JPY pair had already fallen below the 20-day moving average (MA) on the daily chart following yesterday’s decline and is in the process of forming the right shoulder of a head-and-shoulders pattern on the weekly chart. We will be watching closely to see if the U.S. dollar recovers following today’s U.S. CPI release.

Among European currencies, the euro/yen pair fell by more than 3 yen. The pair dropped from 144.388 to 141.369. It fell well below the 200-period SMA on the 4-hour chart but found support at the daily 200-period SMA and rebounded.Although the pair has rebounded during today’s Asian session, it has been forming lower highs on the daily chart and has entered a downtrend line. Therefore, we should remain cautious as the price may target the 130-yen level following a technical correction.

Today’s schedule includes UK employment figures at 4:00 PM, Swiss producer import prices and Hungarian industrial production at 4:30 PM, Hong Kong industrial production and producer price index at 5:30 PM, the US NFIB Small Business Optimism Index at 7:00 PM, South African manufacturing production at 8:00 PM, and Canadian manufacturing shipments at 9:30 PM.U.S. Consumer Price Index, at 6:20 a.m. the following day, remarks by U.S. Federal Reserve Governor Bowman, and at 6:45 a.m., New Zealand’s Q4 Current Account Balance. We should be on the lookout for price volatility, as today’s U.S. CPI data could cause the U.S. dollar to fluctuate sharply.

Past Market Reports

1. 21.04.2026New

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

2. 20.04.2026New

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

3. 17.04.2026New

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

4. 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

5. 15.04.2026New

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

6. 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

7. 13.04.2026

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

8. 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?

9. 09.04.2026

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

10. 08.04.2026

    Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran