Market participants may be waiting to see if the pound, which has weakened against the yen, has room to recover

Market participants may be waiting to see if the pound, which has weakened against the yen, has room to recover

10.09.2025

In the previous day’s U.S. currency trading, the U.S. dollar strengthened during U.S. trading hours, much like the Japanese yen. The USD/CHF pair rose from 0.7915 to 0.7979, rebounding from the -2σ to +2σ levels on the hourly Bollinger Bands.On the 4-hour chart, the candlesticks have rebounded to the 20-day moving average (MA), and the RSI has recovered from 24 to 48. On the daily chart, the price has bounced off the support line near the July lows.

Despite the fact that the UK’s August BRC same-store sales, released yesterday, rebounded to 2.9% from 1.8% the previous month, the pound fell against the yen. GBP/JPY dropped from 199.880 to 198.791. The price did not find support at the 200-period SMA on the hourly chart and broke below it with a real body candle.On the 4-hour chart, a price reversal near the 75-MA is observed, while on the daily chart, the price continues to form higher lows, supported by the 20-MA.

Today’s key economic indicators include the U.S. MBA Mortgage Applications Index at 8:00 PM, remarks by SNB Governor Schlegel at 8:45 PM, the U.S. Producer Price Index at 9:30 PM, U.S. Wholesale Inventories at 11:00 PM, U.S. Weekly Crude Oil Inventories at 11:30 PM, and the U.S. 10-Year Treasury Auction at 2:00 AM.We will cautiously monitor the potential for a recovery in the pound, which has been weakening against the yen.

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