Will market participants keep a close eye on the potential for a rebound in the dollar, which has hit a record low?

Will market participants keep a close eye on the potential for a rebound in the dollar, which has hit a record low?

13.06.2025

In the previous day’s U.S. trading session, the U.S. dollar hit its lowest point from late European trading hours through the U.S. session. The USD/JPY pair fell from 144.528 to 143.171, declining along the 10-period moving average (MA) on the hourly chart. On the 4-hour chart, the pair broke below the 200-period simple moving average (SMA) support line without rebounding, and on the daily chart, it is currently attempting to set a new low for the month. We will need to monitor the direction closely to see if the U.S. dollar continues to weaken during today’s U.S. trading session.

Among European currencies, the euro continued to rise. The EUR/USD pair climbed from 1.1481 to 1.1631. The price rose along the 10-period moving average on the hourly chart. On the 4-hour chart, a band walk was observed along the +3σ line of the Bollinger Bands, and on the daily chart, the pair has risen for four consecutive days. The RSI has surged to 67. Since the pair has already hit a new high for the year, it will be interesting to see if the euro remains firm heading into the weekend.

Today’s economic indicators include the New Zealand Manufacturing PMI at 7:30, Japan’s Industrial Production and Tertiary Industry Activity Index at 13:30, Germany’s Consumer Price Index at 15:00, France’s Consumer Price Index at 15:45, and at 18:00, the Eurozone’sIndustrial Production and the EU Trade Balance, and at 21:30, Canada’s Manufacturing Shipments, Wholesale Sales, and Q1 Capital Expenditure Utilization Rate, followed by the U.S. University of Michigan Consumer Sentiment Index (Preliminary) at 23:00. We will be watching for signs of a recovery in the U.S. dollar, which has hit a low.

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