Market participants are likely to keep a close eye on the direction of the USD/JPY and EUR/JPY pairs, which have shown contrasting price movements.

Market participants are likely to keep a close eye on the direction of the USD/JPY and EUR/JPY pairs, which have shown contrasting price movements.

14.05.2025

In the U.S. currency market yesterday, the U.S. dollar fell against the yen after the U.S. April Consumer Price Index (CPI), released yesterday, showed a 0.1 percentage point decline year-over-year, dropping from 2.4% in the previous month to 2.3%. The USD/JPY pair fell from 148.447 to 147.380.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 has fallen to just below the 20-period MA, and on the daily chart, the 200-period exponential moving average (EMA) is acting as a resistance level, causing a pullback.

European currencies rose against the yen as the German ZEW Economic Sentiment Index for May, released yesterday, improved significantly from -14.0 in the previous month to +25.2.In contrast to USD/JPY, EUR/JPY rose from 164.137 to 165.213. The price extended from the -2σ to the +3σ levels on the hourly Bollinger Bands. An uptrend has formed along the 10-period moving average on the 4-hour chart, and the daily chart shows two consecutive days of gains.

Today’s key economic indicators include Japan’s Corporate Goods Price Index at 8:50, Australia’s Wage Price Index at 10:30, Germany’s Consumer Price Index at 15:00, remarks by German Bundesbank President Nagel at 17:15, remarks by U.S. Federal Reserve Governor Waller at 18:15, the U.S. MBA Mortgage Applications Index at 20:00, and Canadian Housing Starts at 21:30.22:10: U.S. remarks by Fed Vice Chair Jefferson; 23:30: U.S. weekly crude oil inventories. We will carefully monitor the direction of the USD/JPY and EUR/JPY pairs, which have shown contrasting price movements.

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