Keep an eye on the upside momentum of the euro-dollar pair, which has hit a new high for the year

Keep an eye on the upside momentum of the euro-dollar pair, which has hit a new high for the year

14.04.2025

Last weekend, the U.S. dollar fell against the yen after the U.S. March Producer Price Index (PPI), released on the 11th, showed a year-over-year decline from 3.2% in the previous month to 2.7%. The USD/JPY pair fell from 144.523 to 142.046, with price action fluctuating around the 20-period moving average (MA) on the hourly chart.On the 4-hour chart, a decline along the 10-MA has been confirmed, and on the daily chart, the price has touched the -3σ line of the Bollinger Bands.

Among European currencies, the euro rose against the U.S. dollar.The euro rose against the US dollar from 1.1181 to 1.1476. The uptrend along the 20-period moving average on the hourly chart continued. On the 4-hour chart, a band walk along the +3σ line of the Bollinger Bands was observed, and on the daily chart, the pair hit a new year-to-date high. It rose to levels not seen since February 2022. We will be watching price movements during US trading hours to see if the euro’s strength holds.

Today’s economic indicators include Japan’s industrial production at 1:30 p.m., Switzerland’s producer import prices at 3:30 p.m., Canada’s wholesale sales at 9:30 p.m., and at 1:00 a.m. (JST), remarks by U.S. Federal Reserve Governor Barkin:Richmond Fed President Barkin’s remarks at 1:00 a.m., U.S. Fed Governor Waller’s remarks at 2:00 a.m., and U.S. Philadelphia Fed President Harker’s remarks at 7:00 a.m. the following day. We will be watching for further upside in the euro/dollar pair, which has hit a new high for the year.

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