All eyes are on whether the pound, which has shown signs of a rebound, will sustain its gains

All eyes are on whether the pound, which has shown signs of a rebound, will sustain its gains

14.01.2025

In the previous session, the U.S. dollar saw a seesawing trend against the yen. The USD/JPY pair traded between 156.917 and 157.956. The market lacked direction, fluctuating around the 20-period moving average (MA) on the hourly chart.On the 4-hour chart, the 75-period moving average is providing support on the downside, while on the daily chart, the pair is trading without falling below the 20-period moving average, which serves as the benchmark for the current uptrend. We will be watching to see if the relative strength between the U.S. and Japanese markets becomes clearer during U.S. trading hours.

Among European currencies, the pound rebounded against the U.S. dollar. The GBP/USD pair fell from 1.2213 to 1.2101, dropping to its lowest level since November 2023. Although the downward trend along the 10-period moving average on the hourly chart had continued, the pair staged a significant rebound during U.S. trading hours and ultimately closed with a bullish candle featuring a lower shadow. We will need to monitor price movements during U.S. trading hours to see if the pound’s rebound momentum holds.

Today’s economic indicators include the Australian Westpac Consumer Confidence Index at 8:30, Japan’s Balance of Payments at 8:50, Thailand’s Consumer Confidence Index at 12:45, Japan’s Tankan Survey at 14:00, and India’sWholesale Price Index at 16:45, France’s Budget Balance at 16:45, the U.S. NFIB Small Business Optimism Index at 20:00, Russia’s Foreign Exchange Reserves at 22:00, the U.S. Producer Price Index at 22:30, and South Korea’s Employment Statistics at 8:00 the following day. We should keep a close eye on price movements to see if the pound, which has rebounded, can sustain its gains.

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