With the long weekend in Europe and the U.S. coming to an end, will liquidity increase? Or should we be wary of volatility?

With the long weekend in Europe and the U.S. coming to an end, will liquidity increase? Or should we be wary of volatility?

11.04.2023

In the previous day’s U.S. trading session, the dollar rose against the yen after the new Bank of Japan Governor Ueda stated during his inaugural press conference held during European trading hours that the bank would maintain its massive monetary easing. On the daily chart, the USD/JPY pair formed a higher low and rose to just below the 200-day exponential moving average (EMA), having broken through the 20-day moving average (MA). It also hit a new high for the month. With the Dollar Index hovering around 102.3, we will be watching the dollar’s direction to see if a rebound occurs during U.S. trading hours.

European currencies saw the pound rebound against the U.S. dollar during today’s Asian trading session following the release of the UK’s March BRC existing retail sales figures, which showed a 5.1% year-on-year increase.Although the GBP/USD pair fell from 1.2442 to 1.2345 yesterday, it has rebounded during today’s Asian trading session following the release of the data and has already recovered to 1.2407. On the daily chart, the GBP/USD pair is trading within the range between the -2σ and +2σ Bollinger Bands, so we will be watching closely to see if the pound continues to strengthen against the US dollar.

Today, at 15:00 Asia time, Japan’s machine tool orders will be released; at 16:00 Europe time, Turkey’s industrial production; at 18:00, Eurozone retail sales; at 19:00, the U.S. NFIB Small Business Optimism Index; at 20:00, South Africa’s manufacturing production; at 26:00 U.S. time, the U.S. 3-year Treasury auction;at 26:30, remarks by U.S. Federal Reserve Bank of Chicago President Goolsbee, and at 7:00 the following day, remarks by U.S. Federal Reserve Bank of Philadelphia President Harker. With markets reopening after the long weekend in Europe and the U.S., we should watch for potential increases in liquidity and remain vigilant regarding volatility.

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