Will the pound, which has risen against the U.S. dollar, continue to gain ground? All eyes are on its direction during European trading hours.
17.10.2025
- European Consumer Price Index
- Remarks by Nagel, President of the German Central Bank
In the U.S. currency market yesterday, the U.S. dollar fell against the yen. The USD/JPY pair fell from 151.410 to 150.213. The decline occurred as the pair was capped by the 200 EMA on the hourly chart.On the 4-hour chart, the pair is seen declining along the 20-MA, and on the daily chart, the candlesticks have fallen to just below the 20-MA support line. Furthermore, during today’s Asian trading session, the pair has broken below the daily 20-MA and is currently trading in the 149-yen range.
Among European currencies, the pound rose against the U.S. dollar. The GBP/USD pair rose from 1.3383 to 1.3455, hitting a new high along the 20-period moving average (MA) on the hourly chart.On the 4-hour chart, the price surged sharply to the resistance level of the 200-period simple moving average (SMA). On the daily chart, the price rebounded after touching the 200-period exponential moving average (EMA) and has since recovered to near this month’s high. Furthermore, the pound continued to gain ground in the late Asian trading session today, setting a new high.
Today’s economic indicators include Japan’s foreign and domestic securities investment at 8:50, remarks by Bank of Japan Governor Uchida at 15:35, the Eurozone Consumer Price Index at 18:00, remarks by MPC Member Pill at 18:35, and the UK’sGreen (MPC Member) remarks, 21:30 Canada: International Securities Turnover, 21:45 Germany: Nagle (German Central Bank Governor) remarks, 25:00 UK: Green (MPC Member) remarks, 25:15 US: Musalem:St. Louis Fed President, at 25:30 UK time: Remarks by BOE Governor Breeden and Deputy Governor. We will be watching closely for the direction of the market during European trading hours to see if the pound, which has risen against the U.S. dollar, will continue to gain ground.
