Will the pound, which has fallen against the yen, continue to slide? Keep an eye on price movements during European trading hours.

Will the pound, which has fallen against the yen, continue to slide? Keep an eye on price movements during European trading hours.

03.10.2025

In yesterday's U.S. currency trading, the U.S. dollar rose against the yen.The USD/JPY pair rose from 146.599 to 147.524. On the hourly chart, the price moved from the -3σ to the +2σ Bollinger Band. On the 4-hour chart, the pair is currently attempting to break above the 200-period SMA, while on the daily chart, it is rebounding from the lower boundary of the range that has persisted since the month before last. Given that the pair has been rising during today’s Asian session, we will monitor whether the US dollar maintains its strength during the US session.

Among European currencies, the pound continued to fall against the yen. The GBP/JPY pair dropped from 198.618 to 197.484. 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 fallen to the -2σ level of the Bollinger Bands, and on the daily chart, it has broken below the 75-period MA, which had previously provided support. Meanwhile, during today’s Asian trading session, the price has rebounded to near yesterday’s high.

Today’s schedule includes Japan’s employment statistics at 8:30, remarks by Bank of Japan Governor Ueda at 10:05, Germany’s non-manufacturing PMI at 16:55, the Eurozone’s services PMI at 17:00, the UK’s services PMI at 17:30, the Eurozone’s producer price index at 18:00, and the Eurozone’sECB President Lagarde’s remarks, at 7:05 PM: U.S. NY Fed President Williams’ remarks, at 10:20 PM: UK BOE Governor Bailey’s remarks, at 10:45 PM: U.S. PMI Purchasing Managers’ Index, at 11:00 PM: U.S. ISM Non-Manufacturing Index, and at 2:30 AM: U.S. Dallas Fed President Logan’s remarks.Note that the U.S. jobs report, originally scheduled for 21:30, has been postponed due to the U.S. government shutdown. We should keep an eye on price movements during European trading hours to see if the pound, which has fallen against the yen, will continue its decline.

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