Will the U.S. dollar, which has been strengthening in U.S. trading hours, see a shift following the release of the FOMC minutes?

Will the U.S. dollar, which has been strengthening in U.S. trading hours, see a shift following the release of the FOMC minutes?

08.01.2025

In yesterday’s U.S. currency trading, the U.S. dollar emerged as the strongest currency during U.S. trading hours. The USD/JPY pair traded between 157.390 and 158.416, with price action straddling the 20-period moving average on the hourly chart. On the 4-hour chart, the candlesticks have extended to the +2σ level of the Bollinger Bands, while on the daily chart, the 10-period moving average is acting as a support level, with a rebound currently underway.We will be closely monitoring whether today’s release of the FOMC minutes causes the US dollar to shift.

Among European currencies, the euro weakened against Oceania currencies. The EUR/AUD pair fell from 1.6644 to 1.6541. It pulled back after encountering resistance at the 200-period simple moving average (SMA) on the hourly chart. On the 4-hour chart, the pair continues to trade around the 20-period moving average (MA). The daily chart shows a similar price action to the 4-hour chart. We will be watching to see if the euro rebounds against other currencies during European trading hours.

Today, at 4:00 PM, German manufacturing orders and retail sales; at 4:45 PM, French trade balance; at 7:00 PM, Eurozone producer price index; at 9:00 PM, U.S. MBA mortgage applications; at 10:00 PM, remarks by Fed Governor Waller; at 10:15 PM, U.S. ADP employment report;22:30: U.S. Initial Jobless Claims, 24:00: U.S. Wholesale Inventories, 24:30: U.S. Weekly Crude Oil Inventories, 26:00: U.S. Weekly Natural Gas Inventories, 27:00: U.S. 30-Year Treasury Auction, and 28:00: Release of the U.S. FOMC Minutes.We should watch for any shifts in the direction of the US dollar, which has been firming during US trading hours, following the release of the FOMC minutes.

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