Concerns Over Upside Potential for the U.S. Dollar Against the Yen

Concerns Over Upside Potential for the U.S. Dollar Against the Yen

13.11.2025

In the foreign exchange market yesterday, 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 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, and on the daily chart, it reached a new high for the month. The yen is now 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 the sixth consecutive day. It has recovered from the -2σ Bollinger Band to the centerline.

Today’s schedule includes Japan’s Domestic Corporate Price Index at 8:50, UK RICS House Price Index at 9:01, Australia’s Unemployment Rate at 9:30, UK Q3 GDP, UK Industrial Production, and UK Manufacturing Output at 16:00, Switzerland’s Producer Import Prices at 16:30, the ECB Monthly Report at 18:00, andIndustrial Production, 21:00 UK: Remarks by MPC member Green, 22:00 US: Daily: Remarks by San Francisco Fed President, 24:30 Kashkari: Remarks by Minneapolis Fed President, 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.