Caution over the upside potential of the U.S. dollar against the yen

Caution over the upside potential of the U.S. dollar against the yen

13.11.2025

In yesterday’s U.S. currency markets, the U.S. dollar rose against the yen. The USD/JPY pair climbed from 154.023 to 155.042. An uptrend has emerged along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the pair surged to the +2σ level of the Bollinger Bands while finding support at the 10-period MA, and on the daily chart, it has surpassed this month’s high. The yen is currently at its weakest level since February of this year.

European currencies rose as the euro strengthened against the U.S. dollar following yesterday’s release of Germany’s October Harmonized Index of Consumer Prices (HICP), which remained unchanged from the previous month at 2.3% year-over-year.The EUR/USD pair rose from 1.1564 to 1.1597. It turned upward while finding support at the 75-period moving average (MA) on the hourly chart. On the 4-hour chart, the candlesticks have extended toward the 200-period exponential moving average (EMA) line overhead, and on the daily chart, the pair has extended its gains for six consecutive days. It has recovered from the -2σ Bollinger Band to the centerline.

Today’s schedule includes Japan’s Domestic Corporate Goods Price Index at 8:50, the UK’s RICS House Price Index at 9:01, Australia’s Unemployment Rate at 9:30, the UK’s Q3 GDP, Industrial Production, and Manufacturing Output at 16:00, Switzerland’s Producer Import Prices at 16:30, the ECB’s Monthly Report at 18:00, andIndustrial Production, 21:00 UK: Remarks by MPC member Green, 22:00 US: Daily: Remarks by the President of the San Francisco Fed, 24:30 US: Remarks by Kashkari, President of the Minneapolis Fed, 26:00 US: Weekly Crude Oil Inventories, and 27:00 US: 30-Year Treasury Auction.We should remain cautious about the upside potential of the US dollar, which has risen 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