Should investors be wary of increased volatility due to Easter Monday?

Should investors be wary of increased volatility due to Easter Monday?

10.04.2023

Last weekend, with markets in Europe and the U.S. closed for Good Friday, the U.S. dollar rose against the euro following the release of U.S. employment data showing that the unemployment rate had fallen by 0.1 percentage points from the previous month.The EUR/USD pair fell from 1.0923 to 1.0877. It broke below the 4-hour 20-MA and dropped to around the -2σ level of the 4-hour Bollinger Bands. From a technical perspective, the daily RSI for EUR/USD has formed a bearish reversal, indicating that the pair has entered a correction phase. We should remain vigilant to see if the U.S. dollar strengthens heading into U.S. trading hours.

Among European currencies, the Swiss franc emerged as the strongest currency late in the U.S. trading session, with the CHF/JPY pair rising from 145.184 to 146.179.During today’s Asian trading session, the pair has already broken above last week’s high, touching 146.531. We should remain vigilant to see if the franc continues to strengthen toward the recent daily high of 147.492 should the yen weaken further following today’s press conference by the Bank of Japan’s new Governor Ueda.

Today’s schedule includes the Japan Economic Watchers Survey at 3:00 PM Asia time; Turkey’s unemployment rate and current account balance at 4:00 PM Europe time; the press conference for the inauguration of Ueda, the new Governor of the Bank of Japan, at 7:15 PM; and Brazil’s auto production/sales, at 23:00 US time: US wholesale inventories, at 24:30: US 6-month Treasury bill auction, and at 29:15: remarks by US Federal Reserve Bank of New York President Williams. Since major European markets outside the US will be closed today for the Easter holiday, we should remain vigilant regarding volatility during European trading hours.

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