Should We Be Wary of the Upside Potential for the Euro/Yen, Which Is Hitting Record Highs?
20.11.2025
- Construction Output in Europe
- Prices of Agricultural and Industrial Products
In the previous day’s U.S. currency trading, the U.S. dollar was at its strongest from European to U.S. trading hours, rising against the euro.The EUR/USD pair fell from 1.1597 to 1.1517. A “band walk” was observed along the -2σ line of the hourly Bollinger Bands. On the 4-hour chart, a retest following a break above the 200 SMA turned into a downtrend, and on the daily chart, the pair is now approaching this month’s low.
Among European currencies, the euro rose against the yen. The euro/yen pair rose from 179.795 to 181.351. An uptrend has emerged along the 20-period moving average on the hourly chart. On the 4-hour chart, the RSI surged to 82. On the daily chart, the pair has risen for three consecutive days, significantly surpassing its year-to-date high.It is currently in the process of surpassing its all-time high set in 1999.
Today’s economic indicators include Japan’s foreign and domestic securities investment at 8:50, Germany’s producer price index and Switzerland’s trade balance at 16:00,7:00 PM: Eurozone Construction Output; 10:30 PM: U.S. Initial Jobless Claims, Canada Industrial Product Prices, U.S. Philadelphia Fed Business Outlook Index, U.S. Nonfarm Payrolls; 10:50 PM: U.S. Remarks by Hammack, President of the Cleveland Fed;at 23:30: Remarks by Fed Governor Bar; at 24:00: U.S. Existing Home Sales; at 24:30: U.S. Weekly Natural Gas Inventories; at 25:00: U.S. Kansas City Fed Manufacturing Activity Index; and remarks by Fed Governor Cook are scheduled.Keep an eye on the upside potential for the euro/yen pair, which is hitting all-time highs.
Author: Keisuke Sakurai
