Will the euro, which has risen against the yen, continue to climb? Caution is advised.
14.11.2025
- Japan's Tertiary Industry Activity Index
- Canada: Manufacturing Revenue
In yesterday's U.S. currency trading, the U.S. dollar fell against the yen. The USD/JPY pair dropped from 155.014 to 154.119. It fell from the +2σ to the -3σ levels of the hourly Bollinger Bands.On the 4-hour chart, the price has fallen just below the 20-day moving average (MA), and on the daily chart, similar to the 4-hour chart, a pullback from the +2σ Bollinger Band is currently underway. However, as upward price movement is once again being observed during today’s Asian trading session, we should watch closely to see if an uptrend emerges 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-on-year increase of 1.2%—up from the previous month’s 1.1%—but fell short of market expectations of 2.0%.The EUR/JPY pair rose from 179.172 to 179.936. It moved higher, supported by the 20-period moving average on the hourly chart. On the 4-hour chart, the price continues to move along the +2σ line of the Bollinger Bands, and on the daily chart, it has risen for five consecutive days. The RSI has reached 70, indicating overbought conditions.
Today's economic indicators include Japan's Tertiary Industry Activity Index at 1:30 PM, Eurozone real GDP and trade balance at 7:00 PM,at 22:30, Canada’s Manufacturing Sales and Wholesale Sales; at 24:05, remarks by Schmidt, President of the Kansas City Fed; at 24:30, U.S. Weekly Natural Gas Inventories; and at 28:30, remarks by Logan, President of the Dallas Fed.Note that the release of U.S. retail sales, the Producer Price Index, and business inventories remains postponed due to the government shutdown. We should remain cautious regarding whether the euro, which has risen against the yen, will continue to climb.
Author: Keisuke Sakurai
