Will the pound, which has risen against the U.S. dollar, continue to climb? Market participants will be watching for signs of its direction during European trading hours.
17.10.2025
- European Consumer Price Index
- Remarks by Nagel, President of the German Central Bank
In yesterday's U.S. currency trading, the U.S. dollar fell against the yen. The USD/JPY pair dropped from 151.410 to 150.213. The decline occurred as the pair was capped by the 200-period EMA on the hourly chart.On the 4-hour chart, the pair is seen declining along the 20-day moving average (MA), and on the daily chart, the candlesticks have fallen just below the support line of the 20-day MA. Furthermore, during today’s Asian trading session, the pair has broken below the daily 20-day MA and is currently trading in the 149 yen range.
Among European currencies, the pound rose against the U.S. dollar. GBP/USD climbed from 1.3383 to 1.3455, hitting a new high along the 20-period moving average on the hourly chart.On the 4-hour chart, the price surged sharply to the 200-day SMA resistance line. On the daily chart, the price rebounded after touching the 200-day EMA and has recovered to near this month’s high. Furthermore, the pound continued to rise in the late Asian 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, remarks by MPC member Green at 20:00, Canada’s international securities turnover at 21:30, and at 21:45, remarks byRemarks by German Bundesbank President Nagel, at 1:00 AM: Remarks by UK MPC Member Green, at 1:15 AM: Remarks by US St. Louis Fed President Musalem, and at 1:30 AM: Remarks by UK BOE Deputy Governor Breeden. 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 US dollar, will continue to gain ground.
Author: Keisuke Sakurai
