Despite the improvement in GDP, the market may be waiting to see if the euro, which has fallen against the yen, has room to recover

Despite the improvement in GDP, the market may be waiting to see if the euro, which has fallen against the yen, has room to recover

17.11.2025

Last weekend, the U.S. dollar saw a seesaw movement against the yen. The USD/JPY pair plummeted from 154.754 to 153.621 during U.S. trading hours, before rebounding sharply to near its opening price.On the 4-hour chart, the RSI is hovering around 52 just below the 20-day moving average (MA), while on the daily chart, it remains above the 10-day MA. On the monthly chart, the RSI has risen to 57, near the upper trendline.

Despite the fact that the eurozone’s third-quarter GDP, released on the 14th, improved by 0.1 percentage points year-on-year from 1.3% to 1.4%, the euro fell against the yen.The euro/yen pair fell from 179.963 to 178.973. On the hourly chart, the price has moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, the band walk along the +2σ line of the Bollinger Bands has broken down, and on the daily chart, the RSI has pulled back from the 70 level.

Today’s economic indicators include Japan’s real GDP at 8:50, the UK’s Rightmove house prices at 9:01, Japan’s industrial production at 13:30, Canada’s housing starts at 22:15, remarks by a member of the Bank of England’s Monetary Policy Committee at 22:20, Canada’s international securities turnover at 22:30,US: NY Fed Manufacturing Index, Canada: Consumer Price Index; at 11:00 PM: US: Remarks by Williams, President of the NY Fed; at 11:30 PM: US: Remarks by Jefferson, Vice Chair of the Fed; and at 12:00 AM: US: Construction Spending. Even with an improvement in GDP, I would like to wait and see if the euro, which has fallen against the yen, has room to recover.