Investors are likely to keep a close eye on the euro/yen pair, which has shown mixed trends among the yen crosses

Investors are likely to keep a close eye on the euro/yen pair, which has shown mixed trends among the yen crosses

25.06.2024

In yesterday’s U.S. currency trading, the U.S. dollar fell against the yen. The USD/JPY pair dropped from 159.921 to 158.743. It is currently trading around 159.375 during Asian trading hours.On the hourly chart, the price is moving from above the 20-period moving average (MA) to below it, while on the 4-hour chart, it remains above the 20-MA. On the daily chart, the RSI is beginning to decline from just below 70, so we should watch for a potential decline during U.S. trading hours.

Among European currencies, the euro rose against the yen. The EUR/JPY pair climbed from 170.279 to 171.445. The rise followed the 10-period moving average (MA) on the hourly chart. On the 4-hour chart, the price rebounded from the 20-period MA, and the daily chart has shown six consecutive bullish candles. We will be watching closely to see if the euro’s rise against the yen continues during European trading hours.

Today’s schedule includes the Australian Westpac Consumer Confidence Index at 9:30, the Malaysian Consumer Price Index at 13:00, the Japanese Economic Trends Index at 14:00, the Hong Kong Trade Balance at 17:30, the Canadian Consumer Price Index at 21:30, the U.S. Housing Price Index and the S&P/Case-Shiller Home Price Index at 22:00,at 11:00 PM the U.S. Conference Board Consumer Confidence Index, at 11:00 PM the U.S. Richmond Fed Manufacturing Index, at 1:00 AM the remarks by U.S. Federal Reserve Governor Cook, and at 2:15 AM the remarks by German Bundesbank President Nagel. Among the yen crosses, I intend to carefully monitor the movements of the EUR/JPY pair, which has shown mixed directional trends.

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