All eyes are on whether remarks by key figures in U.S. time will cause fluctuations in the U.S. dollar

All eyes are on whether remarks by key figures in U.S. time will cause fluctuations in the U.S. dollar

20.04.2023

In the previous day’s U.S. currency trading, the USD/JPY pair rose slightly after New York Fed President Williams stated that “inflation remains at too high a level, and it will take time for the Fed’s policy measures to take effect,” suggesting that even if rate hikes were paused, interest rates would likely remain at elevated levels.The USD/JPY pair rose from 133.954 to 135.129, reaching the 135-yen level for the first time in about a month. We will be watching closely to see if the dollar’s strength holds during U.S. trading hours today.

Among European currencies, the pound rose against the yen after the UK’s March Consumer Price Index, released yesterday, fell slightly from 10.4% the previous month to 10.1%. GBP/JPY rose from 166.487 to 167.963, moving in line with the 20-period moving average on the hourly chart.The 4-hour chart shows an even stronger trend, with an upward movement along the 10-period moving average (MA) clearly visible. We will be closely monitoring the direction to see if the upward trend continues during European trading hours.

Today, at 3:00 PM, Germany’s Producer Price Index; at 6:00 PM, the Eurozone’s trade balance; at 8:30 PM, the release of the ECB meeting minutes; at 9:30 PM, Canada’s Housing Price Index, U.S. initial jobless claims, and the U.S. Philadelphia Fed Business Outlook Index; at 11:00 PM, U.S. existing home sales;at 11:30 PM, U.S. weekly natural gas inventories; at 12:30 AM, remarks by BOC Governor McClem of Canada and MPC member Tenreiro of the UK; at 1:00 AM, remarks by Fed Governor Waller of the U.S.; at 1:20 AM, remarks by Mester, President of the Cleveland Fed; and at 4:00 AM, remarks by Fed Governor Bowman of the U.S.We will be closely monitoring whether these remarks by key figures during U.S. trading hours will cause any movement in the U.S. dollar.

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