Keep an eye on the direction of the pound, which has been fluctuating against the yen

Keep an eye on the direction of the pound, which has been fluctuating against the yen

03.11.2025

Last weekend, the U.S. dollar rose against the euro.The EUR/USD pair fell from 1.1577 to 1.1522. The decline occurred as the pair was capped by the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the pullback from the 200-period exponential moving average (EMA) continues, and on the daily chart, the pair has broken below the October low. It has also fallen below the 20-period MA on the weekly chart. However, as a rebound has been observed during today’s Asian trading session, we should pay close attention to the direction of the US dollar during US trading hours.

Among European currencies, the pound traded in a narrow range against the yen. GBP/JPY fluctuated between 201.827 and 202.910, with price action straddling the 20-period moving average (MA) on the hourly chart.On the 4-hour chart, the pair has rebounded from the 200-period SMA line, while on the daily chart, the 20-period MA is acting as a support level, leaving the pair in a state of indecision regarding its direction. Meanwhile, on the weekly chart, the uptrend continues without having broken below the 10-period MA support line.

Today’s economic indicators include New Zealand housing permits at 6:45, Australian housing permits at 9:30, the Swiss Consumer Price Index at 16:30, the Swiss Manufacturing PMI at 17:30, the French Manufacturing PMI at 17:50, the German Manufacturing PMI at 17:55, the Eurozone Manufacturing PMI at 18:00, and the UKManufacturing PMI, 12:00 AM US ISM Manufacturing Index, 2:00 AM US Daily: Remarks by the President of the San Francisco Fed, 3:30 AM CA Remarks by BOC Governor Macleem, and 4:00 AM US Remarks by Fed Governor Cook. Keep an eye on the direction of the pound, which has been trading in a range against the yen.

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