Will the market wait and see how much further the U.S. dollar can rise against the yen?

Will the market wait and see how much further the U.S. dollar can rise against the yen?

20.06.2025

In yesterday’s U.S. currency trading, the U.S. dollar rose against the yen. The USD/JPY pair climbed from 144.742 to 145.776. The rise followed the 10-period moving average on the hourly chart. On the 4-hour chart, the candlesticks have extended to the +2σ level of the Bollinger Bands, and on the daily chart, the pair has hit a new high for the month. We will be watching closely to see if the U.S. dollar continues to rise against the yen.

European currencies rose as the euro strengthened against the U.S. dollar following yesterday’s release of April construction output data for the eurozone, which improved to a year-on-year increase of 3.0% from the previous month’s decline of 1.1%.The EUR/USD pair rose from 1.1446 to 1.1500. A rebound occurred from the -2σ level of the hourly Bollinger Bands. On the 4-hour chart, the pair has already broken above the 20-period moving average (MA), and on the daily chart, the 20-MA is acting as a support level, leading to a rebound.

Today’s economic indicators include the UK GfK Consumer Confidence Index at 8:01, Japan’s Consumer Price Index at 8:30, UK Retail Sales and Germany’s Producer Price Index at 15:00, remarks by Bank of Japan Governor Ueda at 15:40, Eurozone Money Supply at 17:00,at 9:30 PM: Canada’s Retail Sales and Industrial Product Prices, and the U.S. Philadelphia Fed Business Outlook Index; and at 11:00 PM: the U.S. Leading Economic Index and the Eurozone Consumer Confidence Index. We intend to cautiously monitor the upside potential of the U.S. dollar, which has risen against the yen.

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