Attention on the upside potential of the euro-dollar pair, which has continued to rise
09.09.2025
- UK BRC Same-Store Sales
- Remarks by Swiss National Bank (SNB) President Schlegel
In yesterday's U.S. currency trading, the U.S. dollar fell against the yen. The USD/JPY pair dropped from 148.579 to 147.332. On the hourly chart, the price moved from above the 20-period moving average (MA) to below it.On the 4-hour chart, the 200-period simple moving average (SMA) failed to act as support, and the price fell below it. On the daily chart, the 200-period SMA acted as resistance, causing the candlestick to reverse. Since downward price movement is also being seen during today’s Asian session, we should pay close attention to developments during the U.S. session.
European currencies rose as the euro gained against the U.S. dollar following the release of Germany’s July industrial production data yesterday, which showed a year-on-year improvement from the previous month’s 3.6% decline to a 1.5% increase.The EUR/USD pair rose from 1.1703 to 1.1766. The price moved along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the 10-period MA is acting as a support line and is trending upward, while on the daily chart, the price has moved from the -2σ to the +3σ Bollinger Bands and has risen for two consecutive days.
Today’s schedule includes UK BRC same-store sales at 8:01, Japan’s money supply at 8:50, Australia’s Westpac Consumer Confidence Index at 9:30, Australia’s NAB Business Conditions Index at 10:30, Japan’s machine tool orders at 15:00, and France’sIndustrial Production and the Manufacturing Production Index at 15:45, South Africa’s Q2 Real GDP at 18:30,at 19:00 US Small Business Optimism Index, at 20:30 remarks by German Bundesbank President Nagel, at 20:50 remarks by Swiss National Bank (SNB) President Schlegel, at 24:15 remarks by BOE Deputy Governor Breeden, and at 26:00 a US 3-year Treasury auction. We will closely monitor the upside potential of the euro/dollar pair, which has continued to rise.
Author: Keisuke Sakurai
