Will the euro, which has risen against the yen, continue to climb? 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.Price action remained within the range of the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the pair is positioned just on the verge of breaking above the 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 U.S. dollar maintains its strength against the yen at the start of the week.
Despite the fact that the European Union’s August Producer Price Index (PPI), released on the 3rd, deteriorated from 0.2% year-over-year to -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 16:00, the UK Construction PMI at 17:30, Eurozone retail sales at 18:00,at 26:00, remarks by ECB President Lagarde; at 27:30, remarks by BOE Governor Bailey; and at 6:00 the following day, remarks by Schmidt, President of the Kansas City Fed.No major economic indicators are scheduled for release during U.S. trading hours. We will be watching closely to see if the euro, which has risen against the yen, will continue to climb higher.
