Should We Keep an Eye on the Upside Potential of GBP/JPY, Which Has Hit a New Year-to-Date High?
09.12.2025
- Remarks by Nagel, President of the German Central Bank
- U.S. NFIB Small Business Optimism Index
In U.S. currency trading the previous day, the U.S. dollar was the strongest. The USD/JPY pair rose from 154.902 to 155.986. It moved from below the 20-period moving average (MA) on the hourly chart to above it.On the 4-hour chart, the 200-period simple moving average (SMA) is acting as a support level, causing prices to rebound, while on the daily chart, the pair has recovered from below the 20-period moving average (MA), which it had temporarily broken below. During today’s Asian trading session, the pair is holding above the daily 20-period MA.
Among European currencies, the pound rose against the yen. The GBP/JPY pair rose from 206.589 to 207.801. The uptrend along the 10-period moving average on the hourly chart continued.On the 4-hour chart, the candlesticks have extended to the +2σ level of the Bollinger Bands, and on the daily chart, the pair has risen for two consecutive days, setting a new year-to-date high. Since the pair has also hit a new high during today’s Asian trading session, we will be closely monitoring the pound’s movements during U.S. trading hours.
Today’s schedule includes the Australian NAB Business Confidence Index at 9:30, the RBA policy rate announcement and statement at 12:30, a press conference by RBA Governor Block at 13:30, remarks by BOJ Governor Ueda at 14:30,at 15:00, Japan’s machine tool orders; at 16:00, Germany’s trade balance; at 17:00, remarks by German Bundesbank President Nagel; at 18:00, remarks by Bank of Japan Governor Ueda; at 20:00, the U.S. NFIB Small Business Optimism Index;at 24:00: U.S. JOLTS Job Openings and U.S. Leading Economic Index; at 27:00: U.S. 10-Year Treasury Auction; and at 28:10: Remarks by RBNZ Governor Breman. We will be watching for further upside potential in GBP/JPY, which has hit a new high for the year.
