Will the pound, which has risen against the U.S. dollar, continue to climb? Market participants will be watching for signs of direction during European trading hours.

Will the pound, which has risen against the U.S. dollar, continue to climb? Market participants will be watching for signs of direction during European trading hours.

17.10.2025

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 decline has followed the 20-MA, and on the daily chart, the candlesticks have fallen just below the 20-MA support line. Furthermore, during today’s Asian trading session, the price 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. 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-SMA resistance line. On the daily chart, the price rebounded after touching the 200-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 key events 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 for signs of direction during European trading hours to see if the pound, which has risen against the US dollar, will continue to gain ground.

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