All eyes are on whether the falling U.S. dollar will be affected by comments from key officials

All eyes are on whether the falling U.S. dollar will be affected by comments from key officials

07.03.2025

In the U.S. currency market yesterday, the U.S. dollar weakened during U.S. trading hours after the U.S. January trade balance, released yesterday, worsened from a deficit of $98.4 billion in the previous month to a deficit of $131.4 billion. The USD/JPY pair fell from 149.339 to 147.329.The pair rebounded upon touching the 75-period moving average on the hourly chart. On the 4-hour chart, the candlesticks fell to the -2σ level of the Bollinger Bands, and similar price action was observed on the daily chart.

European currencies fell against the yen after the ECB announced a 0.25% rate cut yesterday, in line with market expectations.The EUR/JPY pair fell from 161.232 to 159.124. On the hourly chart, the price has moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, the price is declining, retesting just below the 200-period simple moving average (SMA), and on the daily chart, it is pulling back after reaching a new high for the month.

Today’s key economic indicators include German manufacturing orders and UK Halifax house prices at 4:00 PM; remarks by ECB President Lagarde and Bundesbank President Nagel at 6:30 PM; Canadian and U.S. employment reports at 10:30 PM; remarks by Fed Governor Bowman at 12:15 AM; and remarks by Williams:, at 2:20 a.m. remarks by U.S. Federal Reserve Governor Kugler, at 2:30 a.m. remarks by U.S. Federal Reserve Chair Powell, and at 3:30 a.m. remarks by U.S. President Trump. We will be closely watching to see if the falling U.S. dollar reacts to these key figures’ remarks.

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