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 price 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 broken 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 levels 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 is also being observed during today’s Asian trading session.

Today’s 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 German Bundesbank President Nagel. No other major U.S. economic indicators or key speeches are scheduled. We will be watching closely to see if the pound, which has risen against the yen, will extend its gains during European trading hours.