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

Among European currencies, the Swiss franc fell against the yen. The CHF/JPY pair dropped 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 prices at 8:01, Australian employment data at 10:30, UK Q2 GDP, UK industrial production, and UK manufacturing output at 15:00, Swiss producer import prices at 15:30, French consumer price index at 15:45, and at 18:00, EurozoneIndustrial Production, and Q2 GDP; at 21:30, US Initial Jobless Claims and the US Producer Price Index; at 23:00, remarks by US Federal Reserve Bank of St. Louis President Musalem; at 23:30, US Weekly Natural Gas Inventories; and at 27:00, remarks by US Federal Reserve Bank of Richmond President Barkin.We will be watching closely to see if the US dollar, which has already hit a low, will weaken further.