All eyes are on whether the euro, which has risen against the yen, will continue its upward trend

All eyes are on whether the euro, which has risen against the yen, will continue its upward trend

06.10.2025

Last weekend, the U.S. dollar strengthened against the yen. The USD/JPY pair rose from 147.043 to 147.808, trading entirely within the range of the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the pair is hovering just below the upper resistance zone formed by the 200-period simple moving average (SMA), while on the daily chart, it is attempting to recover from the lower support line formed by the 75-period MA.We will be watching closely to see if the US dollar maintains its strength against the yen at the start of the week.

Despite the fact that the Eurozone’s August Producer Price Index (PPI), released on the 3rd, deteriorated from a year-on-year increase of 0.2% to a decline of 0.6%, the euro rose against the yen.The euro/yen pair rose from 172.390 to 173.248. An uptrend has emerged along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the RSI has recovered from 26 to 49, and on the daily chart, the price is rebounding from below the 20-period MA toward the upper half of the range.

Today’s economic indicators include the Swiss unemployment rate at 4:00 PM, the UK Construction PMI at 5:30 PM, Eurozone retail sales at 6:00 PM, remarks by ECB President Lagarde at 2:00 AM, remarks by BOE Governor Bailey at 3:30 AM, and remarks by Kansas City Fed President Schmidt at 6:00 AM the following day.No major economic indicators are scheduled for release during U.S. trading hours. We will be watching to see if the euro, which has risen against the yen, can extend its gains.

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