Attention is turning to the potential for a rebound in the euro/yen pair following a pullback within an uptrend

Attention is turning to the potential for a rebound in the euro/yen pair following a pullback within an uptrend

30.09.2025

In the U.S. currency market the previous day, the U.S. dollar was the weakest 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 SMA. 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 it. 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 SMA. On the 4-hour chart, the price has fallen to the 75-period MA, 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, German CPI at 9:00 PM, remarks by ECB President Lagarde at 9:50 PM, U.S. Housing Price Index at 10:00 PM, U.S. Chicago PMI at 10:45 PM, U.S. JOLTS Job Openings at 11:00 PM, and the U.S. 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.

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