Investors should remain vigilant regarding price fluctuations caused by remarks from key figures in the U.S.

Investors should remain vigilant regarding price fluctuations caused by remarks from key figures in the U.S.

05.03.2024

In yesterday’s U.S. trading session, the U.S. dollar rose against the yen. The USD/JPY pair climbed from 149.838 to 150.567. The upward movement along the 20-period moving average (MA) on the hourly chart was confirmed. Although the USD/JPY briefly dipped below the daily 20-period MA, it recovered with a bearish candle featuring a lower wick, and the RSI still shows room to rise. We will carefully monitor the direction to see if the U.S. dollar maintains its strength heading into U.S. trading hours.

European currencies saw the Swiss franc fluctuate against the yen after yesterday’s release of Switzerland’s February Consumer Price Index (CPI), which showed a 0.1-point year-on-year decline from the previous month’s 1.3% to 1.2%.The CHF/JPY pair traded between 169.726 and 170.704, ultimately settling near its opening level during Asian trading hours. While other yen crosses rose, the CHF/JPY faced resistance on the upside and has been trading below the 20-day moving average.

Today’s schedule includes Japan’s Consumer Price Index at 8:30, the UK’s BRC Retail Sales at 9:01, Australia’s Current Account Balance at 9:30, China’s Caixin PMI at 10:45, India’s Services PMI at 14:00, and France’sIndustrial Production, at 5:50 PM the French Services PMI, at 5:55 PM the German Services PMI, at 6:00 PM the Eurozone Services PMI, at 6:30 PM the UK Services PMI,19:00: Eurozone Producer Price Index; 23:45: US PMI; 24:00: US ISM Non-Manufacturing Index; 26:00: Remarks by US Federal Reserve Vice Chair Barre. Be on the lookout for price fluctuations caused by key figures’ remarks during US trading hours.

Past Market Reports

1. 20.04.2026New

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

2. 17.04.2026New

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

3. 16.04.2026New

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

4. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

5. 14.04.2026New

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

6. 13.04.2026

   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. 10.04.2026

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

8. 09.04.2026

   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. 08.04.2026

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

10. 07.04.2026

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