Will the U.S. dollar continue to rise following the release of the U.S. CPI data, or will the market wait and see how prices move?

Will the U.S. dollar continue to rise following the release of the U.S. CPI data, or will the market wait and see how prices move?

11.06.2025

In yesterday’s U.S. currency trading, the U.S. dollar rose against the yen ahead of today’s release of the U.S. May Consumer Price Index (CPI).The USD/JPY pair rose from 144.397 to 145.287. Price action was seen moving across the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the price is finding support at the 200-period simple moving average (SMA) while candlesticks are turning upward, and on the daily chart, the pair is currently attempting to break above the 20-period MA and reach a new high for the month.

Among European currencies, the euro rose against the pound for the second consecutive day.The EUR/GBP pair rose from 0.8418 to 0.8468, surging to the +3σ level of the hourly Bollinger Bands. On the 4-hour chart, the price has already broken above the upper resistance zone formed by the 200-period SMA with a real body candle, while on the daily chart, the 200-period SMA is acting as a support level, causing the price to rebound. We will be watching for signs of the euro’s continued rise during European trading hours.

Today’s key economic indicators include the Japanese Corporate Goods Price Index at 8:50, remarks by ECB President Lagarde at 12:15, the U.S. MBA Mortgage Applications Index at 20:00, Canadian Housing Starts at 21:30,U.S. Consumer Price Index at 23:30, U.S. weekly crude oil inventories at 26:00, and U.S. 10-year Treasury auction at 27:00. We will be watching the market reaction following these releases to see if the U.S. dollar continues to rise following the U.S. CPI announcement.

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