Will the Euro, Which Has Risen Against the Yen, Continue to Climb? Caution Is Advised

Will the Euro, Which Has Risen Against the Yen, Continue to Climb? Caution Is Advised

14.11.2025

In the U.S. currency market yesterday, the U.S. dollar fell against the yen. The USD/JPY pair dropped from 155.014 to 154.119. It fell within the range of the +2σ to -3σ Bollinger Bands on the hourly chart.On the 4-hour chart, the price has fallen just below the 20-period moving average (MA), and on the daily chart, similar to the 4-hour chart, the price has pulled back from the +2σ level of the Bollinger Bands. Note that during today’s Asian trading session, the price has once again shown an upward trend, so it will be important to monitor whether an upward move occurs during U.S. trading hours.

European currencies rose against the yen, even though the Eurozone’s September industrial production data released yesterday showed a year-over-year increase of 1.2%—up from the previous month’s 1.1%—but fell short of market expectations of 2.0%. The euro/yen pair rose from 179.172 to 179.936.The pair turned upward, finding support at the 20-period moving average on the hourly chart. On the 4-hour chart, the pair continues to move along the +2σ line of the Bollinger Bands, and on the daily chart, it has extended its gains for the fifth consecutive day. The RSI has reached 70, indicating an overbought condition.

Today’s economic indicators include: Japan’s Tertiary Industry Activity Index at 13:30; Eurozone real GDP and trade balance at 19:00; Canada’s manufacturing sales and wholesale sales at 22:30; and at 24:05, remarks by Schmidt:Kansas City Fed President’s remarks at 24:05, U.S. weekly natural gas inventories at 24:30, and U.S. Logan: Dallas Fed President’s remarks at 28:30.Note that the release of U.S. retail sales, the Producer Price Index, and business inventories remains postponed due to the government shutdown. Investors should remain cautious to see if the euro, which has risen against the yen, will continue to climb.