All eyes are on whether the U.S. dollar, now at its weakest, will weaken further

All eyes are on whether the U.S. dollar, now at its weakest, will weaken further

14.08.2025

In the U.S. currency market yesterday, the U.S. dollar hit its weakest level from late Asian trading hours through U.S. trading hours. The USD/JPY pair fell from 148.159 to 147.092, declining as it encountered resistance at the 20-period moving average (MA) on the hourly chart.On the 4-hour chart, price action shows a reversal from the +2σ level of the Bollinger Bands, while on the daily chart, the 200-period EMA is acting as a resistance level, causing prices to fall. We will be watching closely to see if the U.S. dollar shows further weakness following remarks by key officials during today’s U.S. trading session.

Among European currencies, the Swiss franc fell against the yen. The CHF/JPY pair fell from 183.626 to 182.899.On the hourly chart, the price has moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, the price has pulled back as it was capped by the 200-period simple moving average (SMA), and on the daily chart, the price has fallen below the centerline of the Bollinger Bands. We will be closely monitoring the direction of the Swiss franc to see if it continues to weaken during today’s European trading session.

Today’s schedule includes UK RICS House Price Index at 8:01, Australian Employment Statistics at 10:30, UK Q2 GDP, UK Industrial Production, and UK Manufacturing Output at 15:00, Swiss Producer Import Prices at 15:30, and FrenchConsumer Price Index, at 18:00: Eurozone Industrial Production and Q2 GDP; at 21:30: U.S. Initial Jobless Claims and Producer Price Index; at 23:00: U.S. Musalem:Statement by St. Louis Fed President Musalem; at 23:30, U.S. weekly natural gas inventories; and at 27:00, U.S. statement by Richmond Fed President Barkin. We will be watching closely to see if the U.S. dollar, which has hit a new low, will weaken further.