Will the U.S. dollar, which has been strengthening in U.S. trading hours, see a shift following remarks by key officials?

Will the U.S. dollar, which has been strengthening in U.S. trading hours, see a shift following remarks by key officials?

15.05.2025

In the previous day's U.S. currency markets, the U.S. dollar strengthened against the Japanese yen during U.S. trading hours.The EUR/USD pair fell from 1.1264 to 1.1164. A pullback occurred upon touching the 200-period SMA on the hourly chart. On the 4-hour chart, the 75-period MA is acting as a resistance level, and the pair is searching for direction just below the 200-period SMA. On the daily chart, the pair has already broken below the 20-period MA, which had previously served as support. We will be watching closely to see if the US dollar continues to strengthen against the euro.

European currencies fell against the yen after Germany’s April Harmonized Index of Consumer Prices (HICP), released yesterday, remained unchanged from the previous month at 2.2% year-on-year.After hitting a new high for the month, the EUR/JPY pair fell from 165.162 to 163.738. 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 candlesticks have fallen from the +2σ to the -2σ levels of the Bollinger Bands, and on the daily chart, the RSI has dropped to 53.

Today’s schedule includes Japan’s foreign and domestic securities investment data at 8:50, Australia’s employment statistics at 10:30, the UK’s real GDP, industrial production, manufacturing output, and trade balance at 15:00, the Eurozone’s real GDP at 18:00, and Canada’shousing starts, at 9:30 PM: US initial jobless claims, Canadian manufacturing sales, US Producer Price Index, and US NY Fed Manufacturing Index; at 9:40 PM: remarks by Fed Chair Powell; at 10:15 PM: US industrial production; and at 11:00 PM: US business inventories and the US NAHB Housing Market Index.We should keep a close eye on the direction of the U.S. dollar, which has been firming in U.S. trading hours, to see if it shifts in response to remarks from key officials.

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