Concerns Over Upside Potential for the U.S. Dollar Against the Yen
13.11.2025
- Europe: Industrial Production
- Remarks by Green, a Member of the MPC
In the U.S. currency market the previous day, the U.S. dollar rose against the yen. The USD/JPY pair rose from 154.023 to 155.042. An uptrend developed 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 moving average (MA), and on the daily chart, it set a new high for the month. 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 euro/dollar pair rose from 1.1564 to 1.1597.The pair turned upward, 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 looming overhead, while the daily chart shows a sixth consecutive day of gains. The pair has recovered from the -2σ Bollinger Band to the centerline.
Today, at 8:50, Japan’s Domestic Corporate Price Index; at 9:01, the UK’s RICS House Price Index; at 9:30, Australia’s unemployment rate; at 16:00, the UK’s Q3 GDP, Industrial Production, and Manufacturing Output;at 16:30, Swiss Producer Import Prices; at 18:00, the ECB Monthly Report; at 19:00, Eurozone Industrial Production; at 21:00, remarks by Green, MPC Member; at 22:00, U.S. Daily:Remarks by the President of the San Francisco Fed, 24:30: Remarks by Kashkari, President of the Minneapolis Fed, 26:00: U.S. weekly crude oil inventories, and 27:00: U.S. 30-year Treasury auction. We should remain cautious about the upside potential of the U.S. dollar, which has risen against the yen.
Author: Keisuke Sakurai
