Investors should be on the lookout for price movements triggered by remarks from key figures in the U.S.

Investors should be on the lookout for price movements triggered by remarks from key figures in the U.S.

05.04.2024

In yesterday’s U.S. trading session, the U.S. dollar fell against the yen ahead of today’s U.S. employment report. The USD/JPY pair dropped from 151.767 to 151.121. The decline continued during today’s Asian session, with the pair touching 150.810. On the 4-hour chart, the pair has already broken below the 75-period moving average, while on the daily chart, the decline has halted as the 20-period moving average provides support. Therefore, traders should pay close attention to comments from key officials during U.S. trading hours.

European currencies weakened as the ECB meeting minutes released yesterday indicated that "the case for a rate cut is strengthening," causing the euro to weaken in late U.S. trading. The EUR/JPY pair fell from 164.910 to 163.481, dropping below the 200-period simple moving average (SMA) on the hourly chart. On the 4-hour chart, the pair has broken below the 20-period moving average (MA) and fallen to the 75-period MA.Although the pair remains above the 20-day moving average on the daily chart, the RSI has fallen to 53, so caution is warranted regarding a potential downward move during European trading hours.

Today’s schedule includes Australia’s trade balance at 9:30, Japan’s Leading Economic Index at 14:00, Germany’s manufacturing orders and import price index, and the UK’s Halifax house price index at 15:00, followed by France’sIndustrial Production, and the French Manufacturing Production Index; at 5:30 PM, the UK Construction PMI; at 6:00 PM, Eurozone Retail Sales; at 9:30 PM, the Canadian Employment Report, the US Employment Report, and remarks by Collins,Remarks by Boston Fed President Collins, 10:15 PM: Remarks by Richmond Fed President Barkin, 11:00 PM: Canadian Ivey PMI, 12:00 AM: Remarks by Dallas Fed President Logan, 1:30 AM: Remarks by Fed Governor Bowman. Be on high alert for price movements triggered by key figures’ remarks during U.S. trading hours.

Past Market Reports

1. 17.04.2026New

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

2. 16.04.2026New

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

3. 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

4. 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?

5. 13.04.2026New

   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

6. 10.04.2026

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

7. 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?

8. 08.04.2026

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

9. 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

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed