With the pound having risen against the yen, attention is focused on whether it will extend its gains during European trading hours

With the pound having risen against the yen, attention is focused on whether it will extend its gains during European trading hours

20.10.2025

Last weekend, the U.S. dollar rose against the yen. The USD/JPY pair climbed from 149.383 to 150.612, rebounding for the first time in four trading days. On the hourly chart, the pair rebounded from the -2σ Bollinger Band, and on the 4-hour chart, it is rebounding upward with the 200 EMA acting as support.On the daily chart, the pair has recovered from the 20-day moving average (MA), which it had temporarily dipped below, and is now returning to the upper half of the 20-day MA.

Among European currencies, the pound rose against the yen. GBP/JPY climbed from 200.674 to 202.229. It recovered from the -3σ to the +2σ level on the hourly Bollinger Bands.On the 4-hour chart, a rebound from the 200 EMA is visible, and on the daily chart, the candlestick—which had fallen just below the 20 MA—has recovered to a level above the 20 MA. Furthermore, upward price movement has been observed during today’s Asian trading session.

Today’s key economic indicators include New Zealand’s Q3 Consumer Price Index at 6:45, the UK’s Rightmove House Price Index at 8:01, remarks by Bank of Japan Board Member Takada at 12:50, Germany’s Producer Price Index at 15:00, Canada’s Industrial Product Prices and Raw Materials Price Index at 21:30, and a scheduled speech byremarks by Bundesbank President Nagel. No other major U.S. economic indicators or key speeches are scheduled. We should watch for the direction of the pound, which has risen against the yen, to see if it extends its gains during European trading hours.

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