Will the U.S. dollar, which has weakened against the yen, fall further? All eyes are on price movements during U.S. trading hours.
05.12.2025
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In the U.S. currency market yesterday, the U.S. dollar fell against the yen. The USD/JPY pair fell from 155.542 to 154.513. On the hourly chart, the price moved from above the 20-period moving average (MA) to below it.On the 4-hour chart, the price has fallen to the horizontal support line formed by the 200-period simple moving average (SMA). On the daily chart, the price has already broken below the 20-period moving average (MA) support line, and the downward movement from the +3σ to the -2σ levels of the Bollinger Bands is gaining momentum.
Among European currencies, the euro fell against the yen. The euro/yen pair dropped from 181.288 to 180.391. The price broke below the support line formed by the 200-period SMA on the hourly chart with a real body candle.On the 4-hour chart, the price has pulled back from the +2σ level of the Bollinger Bands, and on the daily chart, divergence has emerged between the RSI and the candlesticks. Furthermore, as the price has continued to test lower levels during today’s Asian session, traders should watch for further weakness in the euro during the European session.
Today’s economic indicators include the Japan Household Expenditure Survey at 8:30, the Japan Economic Sentiment Index at 14:00, Germany’s New Manufacturing Orders and the UK’s Halifax House Price Index at 16:00, France’s Industrial Production, Manufacturing Production Index, and Trade Balance at 16:45,at 19:00, the Eurozone’s Real GDP; at 22:30, Canada’s Employment Statistics; at 24:00, the U.S. University of Michigan Consumer Sentiment Index, U.S. Personal Income, and U.S. PCE Deflator; and at 29:00, U.S. Consumer Credit Outstanding.We will be closely monitoring price movements during U.S. trading hours to see if the U.S. dollar, which has been weakening against the yen, will extend its decline.
