Market participants are likely watching for any potential rebound in the U.S. dollar, which has weakened following remarks by a key official

Market participants are likely watching for any potential rebound in the U.S. dollar, which has weakened following remarks by a key official

25.06.2025

In the previous day’s U.S. currency trading, the U.S. dollar remained the weakest currency throughout the day after Federal Reserve Chair Powell reiterated his previous stance, stating, “We are anticipating two rate cuts this year, but the economy remains strong, so there is no need to rush.”The euro rose against the dollar from 1.1571 to 1.1641. It trended upward while finding support at the 20-period moving average on the hourly chart. On the 4-hour chart, it appears to be entering a band walk along the +2σ line of the Bollinger Bands.

Among European currencies, the Swiss franc emerged as the strongest. The CHF/JPY pair traded between 178.640 and 180.078. Price action was observed moving across the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, a solid rebound occurred upon touching the 20-period MA, while the daily chart shows a "B-band walk" along the +2σ line of the Bollinger Bands. We will be watching for signs of whether the Swiss franc continues to strengthen during today’s European trading session.

Today’s schedule includes New Zealand’s trade balance at 7:45, Japan’s business services price index at 8:50, Australia’s consumer price index at 10:30, Japan’s economic sentiment index at 14:00, and France’sConsumer Confidence Index, a speech by BOE Deputy Governor Lombardelli at 5:45 PM, the U.S. MBA Mortgage Applications Index at 8:00 PM, U.S. New Home Sales and Fed Chair Powell’s congressional testimony at 11:00 PM, U.S. Weekly Crude Oil Inventories at 11:30 PM, and a U.S. 5-year Treasury auction at 2:00 AM.We will carefully assess the potential for a rebound in the US dollar, which has weakened on the back of key officials’ remarks.

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