With the euro/yen pair pulling back amid an uptrend, attention is turning to its potential for recovery
30.09.2025
- Remarks by ECB President Lagarde
- Japan: Industrial Production
In the U.S. currency market yesterday, the U.S. dollar was the weakest performer throughout the day.The EUR/USD pair rose from 1.1695 to 1.1753. It climbed along the 20-period moving average (MA) on the hourly chart to just below the 200-period MA. On the 4-hour chart, a pullback from the +3σ line of the Bollinger Bands is visible, and on the daily chart, the price has retreated from just below the 20-period MA to just below the 200-period MA. Meanwhile, during today’s Asian trading session, the US dollar is rising again.
Despite the fact that the Eurozone’s September business sentiment index, released yesterday, improved to 95.5 from 95.2 the previous month, the euro fell against the yen.The EUR/JPY pair fell from 175.010 to 173.990. On the hourly chart, the price moved from above the 20-period moving average (MA) to below it and briefly dipped below the 200-period simple moving average (SMA). On the 4-hour chart, the price has fallen to the 75-period MA line, and on the daily chart, it is currently rebounding from the +2σ level of the Bollinger Bands.
Today, at 8:50 a.m., the Bank of Japan will release the minutes of its Monetary Policy Meeting, followed by Japan’s industrial production, retail sales, and department store/supermarket sales, at 9:00 AM: NZ ANZ Business Confidence, at 10:30 AM: AU Housing Construction Permits, at 1:30 PM: AU RBA Policy Rate and Statement, at 2:00 PM: JP Housing Starts, at 2:30 PM: AU RBA Governor Block’s Press Conference, at 3:00 PM: UK Real GDP, at 4:55 PM: DEEmployment Statistics at 9:00 PM, Germany’s Consumer Price Index at 9:00 PM, ECB President Lagarde’s remarks at 9:50 PM, U.S. Housing Price Index at 10:00 PM, U.S. Chicago PMI at 10:45 PM, and U.S. JOLTS Job Openings and Labor Turnover Survey and Conference Board Consumer Confidence Index at 11:00 PM. We will be watching for potential recovery in the EUR/JPY pair following its pullback within an uptrend.
Author: Keisuke Sakurai
