Will the strength of the U.S. dollar shift due to remarks by key figures, or should we wait and see how the market moves?

Will the strength of the U.S. dollar shift due to remarks by key figures, or should we wait and see how the market moves?

11.02.2025

In yesterday’s U.S. currency trading, the U.S. dollar rose against the yen. The USD/JPY pair climbed from 151.190 to 152.533. We saw a rebound from the -2σ line of the hourly Bollinger Bands toward the centerline. On the 4-hour chart, the RSI rebounded after falling to 27, while on the daily chart, the pair recovered after breaking below the 200-day EMA support line. We will be watching closely to see if the dollar’s rebound continues during U.S. trading hours.

Among European currencies, the Swiss franc rose against the yen. The CHF/JPY pair climbed from 165.906 to 167.560. On the hourly chart, the price has moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the price has rebounded from the -2σ line of the Bollinger Bands, and on the daily chart, the RSI has recovered from the oversold level of 30. We should remain vigilant to see if the Swiss franc continues its rebound during European trading hours.

Today’s schedule includes the Australian Westpac Consumer Confidence Index at 8:30, the Australian NAB Business Conditions Survey at 9:30, remarks by a member of the Bank of England’s Monetary Policy Committee at 17:45, the U.S. NFIB Small Business Optimism Index at 20:00, remarks by Bank of England Governor Bailey at 21:15, Canadian Housing Starts at 22:30,22:50: US remarks by Hamack, President of the Cleveland Fed; 24:00: US testimony by Fed Chair Powell before Congress; 27:00: US 3-year Treasury auction; 29:30: US remarks by Fed Governor Bowman; and remarks by Williams, President of the New York Fed.I want to watch the price action closely to see if these key speeches will affect the strength of the U.S. dollar.

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