Should we keep an eye on the upside potential for GBP/JPY, which hit a new high this year?
26.06.2025
- Japan: Foreign and Domestic Securities Investment
- Rice and Durable Goods Orders
In yesterday’s U.S. currency trading, the U.S. dollar rose against the yen. The USD/JPY pair traded between 144.652 and 145.979. The pair rose along the +2σ line of the hourly Bollinger Bands. On the 4-hour chart, the price moved from below the 20-period moving average (MA) to above it, while on the daily chart, it rebounded after touching the 20-period MA. We will be watching closely to see if the U.S. dollar maintains its momentum during today’s European trading session.
Among European currencies, the pound rose against the yen. The GBP/JPY pair climbed from 197.048 to 198.569. We observed a band walk along the +3σ line of the hourly Bollinger Bands. On the 4-hour chart, the 10-period moving average is providing solid support at the lower end, while on the daily chart, the RSI has risen to 68. We will be watching closely to see if the pound continues to climb.
Today’s schedule includes Japan’s foreign and domestic securities investment data at 8:50, Germany’s GfK Consumer Confidence Survey at 15:00, South Africa’s BER Consumer Confidence Index at 17:00, South Africa’s Producer Price Index at 18:30, remarks by Bank of England Governor Bailey at 20:00, U.S. initial jobless claims and real GDP at 21:30,U.S. Durable Goods Orders, U.S. Wholesale Inventories, at 9:45 PM U.S. Fed Richmond President Barkin’s remarks, at 10:00 PM U.S. Fed Cleveland President Hammack’s remarks, at 11:00 PM U.S. Existing Home Sales, and at 2:00 AM U.S. 7-Year Treasury Auction. We will closely monitor the upside potential of GBP/JPY, which has hit a new high for the year.
Author: Keisuke Sakurai
