Should we keep an eye on the upside potential of GBP/JPY, which has hit a new high for the year?
09.12.2025
- Remarks by Nagel, President of the German Central Bank
- U.S. NFIB Small Business Optimism Index
In yesterday’s U.S. trading session, the U.S. dollar reached its strongest level. The USD/JPY pair rose from 154.902 to 155.986. On the hourly chart, the price moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the 200-period simple moving average (SMA) is acting as a support level, causing the price to rebound, while on the daily chart, the price has recovered from below the 20-period MA, which it had temporarily broken below. During today’s Asian trading session, the price is holding above the 20-period MA on the daily chart.
Among European currencies, the pound rose against the yen. The GBP/JPY pair climbed 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. As 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 decision and statement at 12:30, a press conference by RBA Governor Block at 13:30, remarks by BOJ Governor Ueda at 14:30, Japanese machine tool orders at 15:00, the German trade balance at 16:00, and at 17:00, the Germanremarks by German Bundesbank President Nagel, at 6:00 PM remarks by Bank of Japan Governor Ueda, at 8:00 PM the U.S. NFIB Small Business Optimism Index, at 12:00 AM U.S. JOLTS Job Openings and Labor Turnover Survey and the U.S. Leading Economic Index, at 3:00 AM the U.S. 10-year Treasury auction, and at 4:10 AM remarks by New Zealand RBNZ Governor Breman.We will be watching for further upside potential in GBP/JPY, which has hit a new high for the year.
Author: Keisuke Sakurai
