Be on the lookout for characteristic price movements at the end of the month

Be on the lookout for characteristic price movements at the end of the month

26.08.2024

Last weekend, the U.S. dollar fell against the yen despite the fact that U.S. new home sales for July, released on the 23rd, rebounded to a 10.6% increase from the previous month’s 0.6% decline. The USD/JPY pair dropped from 146.474 to 143.860. A decline was observed following a touch of the 200-period EMA on the hourly chart.On the 4-hour chart, prices have fallen to the -3σ level of the Bollinger Bands, so we should watch for further weakness in the US dollar during US trading hours.

European currencies typically move in tandem; in contrast to the strengthening Japanese yen, the Swiss franc weakened. The CHF/JPY pair fell from 171.742 to 169.502, breaking below the support line of the 200-period simple moving average (SMA) on the hourly chart. On the 4-hour chart, the pair has fallen from the +2σ to the -2σ levels of the Bollinger Bands, while on the daily chart, the 20-period moving average (MA) is emerging as a resistance level.

Today’s economic indicators include Singapore’s Industrial Production at 2:00 PM, Japan’s Economic Trends Survey at 2:00 PM, Turkey’s Capacity Utilization Rate and Economic Trends Survey at 4:00 PM, Germany’s IFO Business Climate Index at 5:00 PM, U.S. Durable Goods Orders at 9:30 PM, and the U.S. Dallas Fed Manufacturing Activity Index at 11:30 PM.While there are no major economic indicators or key speeches scheduled, investors should remain vigilant regarding price movements driven by end-of-month flows.

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