search
Install Now

An incredible cashback rate!
40% of the spread!

Join Now

With the yen trending lower, all eyes are on the direction of the euro, which is rising

Market Report

With the yen trending lower, all eyes are on the direction of the euro, which is rising

13.04.2023

Today's Highlights
  1. Remarks by BOC Governor McClem of Canada
  2. UK GDP

In U.S. currency trading the previous day, the U.S. dollar fell against the euro as the March Consumer Price Index rose 5.0% year-over-year. The EUR/USD pair rose by just over 90 pips, from 1.0911 to 1.1005, hitting a new high for the month.Since the EUR/USD pair continues its uptrend, supported on the downside by the 20-day moving average (MA), traders should remain cautious to see if further gains will materialize heading into the weekend.

Among European currencies, the euro rose slightly against the yen. The euro/yen pair rose from 145.786 to 146.665. The rally came after the 4-hour RSI exceeded 70 and reached 75.4.On the daily chart, while the euro/yen pair has risen for five consecutive days, the daily RSI has not touched 70 and is hovering around 63, suggesting there is still room for further gains. We will carefully monitor the situation to see if the euro continues to rise into U.S. trading hours and sets a new high for the year.

Today, at 3:00 p.m., UK industrial production, UK GDP, UK manufacturing output, and the UK trade balance will be released; at 6:00 p.m., the Eurozone industrial production figures will be released; at 8:45 p.m., remarks by Nagel, President of the German Federal Bank, will be made; and at 9:30 p.m., the U.S.Producer Price Index and U.S. Initial Jobless Claims; at 10:00 PM, remarks by Bank of Canada Governor McClem and remarks by UK MPC Member Pill; at 11:30 PM, U.S. weekly natural gas inventories; and at 2:00 AM, a U.S. 30-year Treasury auction.We want to carefully assess the direction of the euro, which is rising amid a trend of yen weakness.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has been involved in investment management focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous Article

Will the Release of the FOMC Minutes Bring About Changes in the Currency Landscape?

Next Article

All Eyes on the Euro's Resilience as It Falls Against the Oceania Currency
alert
Notification Settings
close

If you're using iOS

iOSをご利用の場合

If you're using iOS, tap the "Add/Save" icon at the bottom of Safari and select "Add to Home Screen." Once you've added it to your Home Screen, you can turn on "Receive Push Notifications" as shown above.

Click here for detailed instructions

If you're using an Android device or a PC

Android、PCをご利用の場合

If you're using an Android device or a PC, you can simply turn on "Receive push notifications" as shown above without installing the app. (If your browser asks for permission, please select "Allow.")

You can find instructions on how to add this to your smartphone's home screen below.

Click here for detailed instructions
USDJPY
XAUUSD
BTCUSD
USDJPY
XAUUSD
BTCUSD
Close
Click here for explanations of each notification
arrow Return to Notification Settings
close
Details of Each Notification
line Receive key metrics and announcements

You will receive notifications about key metrics and limited-time promotions. If you turn this feature off, you may not be able to participate in limited-time promotions.

line Received a round number notification

A feature that sends notifications when a price reaches a round number. Receiving these notifications helps traders capitalize on trading opportunities and manage risk, which is why many traders are paying close attention to this feature.

polygon USDJPY

Notifications are sent for every 100 pips (1 JPY) (e.g., 1 USD = 147 JPY, 1 USD = 148 JPY, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

polygon XAUUSD

Notifications are sent every 500 pips (50 USD) (e.g., $3,000, $3,050, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

polygon BTCUSD

Notifications are sent for every 5,000 USD (e.g., 110,000 USD, 115,000 USD, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

line Received notification of a sudden price fluctuation (sharp rise or fall in the exchange rate)

Receive real-time notifications of price fluctuations for USD/JPY, gold, and Bitcoin. Never miss a trading opportunity, even when you're on the go, and place orders that instantly respond to market conditions.

polygon USDJPY

You will receive a notification when there is a fluctuation of 30 pips (0.3 JPY) or more within 10 minutes (sharp rise or sharp drop). After that, notifications for sudden fluctuations under the same conditions will be suspended for 1 hour.

polygon XAUUSD

You will receive a notification when the price fluctuates by more than 20 USD within an hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for 4 hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within an hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for 4 hours.

Return to Notification Settings