Market participants are watching for signs of a rebound in the pound, which has fallen against the yen

Market participants are watching for signs of a rebound in the pound, which has fallen against the yen

02.12.2025

In yesterday’s U.S. currency trading, the U.S. dollar fell against the yen despite the U.S. November PMI Purchasing Managers’ Index, released yesterday, improving from 51.9 the previous month to 52.2. The USD/JPY pair declined from 156.153 to 154.675. A band walk along the -2σ line of the hourly Bollinger Bands was observed.On the 4-hour chart, the RSI fell from 47 to 26, and on the daily chart, the price broke below the 20-day moving average (MA), which had been providing temporary support.

Among European currencies, the pound was the weakest during U.S. trading hours. The GBP/JPY pair fell from 206.765 to 205.191, breaking below the support level of the 200-period simple moving average (SMA) on the hourly chart. On the 4-hour chart, the price has dropped to the 75-period SMA, and on the daily chart, it has pulled back after touching the +2σ line of the Bollinger Bands. Notably, a rebound of approximately 40 pips has been observed during today’s Asian trading session.

Today’s economic indicators include remarks by RBNZ Governor Breman at 6:10 a.m., Japan’s monetary base at 8:50 a.m., and Australia’s current account, and Australia’s housing construction permits; at 10:00, remarks by Fed Chair Powell; at 14:00, Japan’s consumer sentiment index; at 16:00, the UK’s Nationwide house price index and the BOE’s Financial Stability Report; at 18:30, South Africa’s current account;at 7:00 PM: Eurozone employment data and consumer price index, and at 12:00 AM: remarks by Fed Chair Bowman. We will be watching for any potential recovery in the pound, which has fallen against the yen.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed