Will the euro, which has risen against the yen, continue its upward trend? All eyes are on its direction.
06.10.2025
- Switzerland – Unemployment Rate
- Remarks by Bank of England Governor Bailey
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 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 chart.
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.
Author: Keisuke Sakurai
