Will the U.S. dollar, which has risen against the yen, weaken following the FOMC meeting? Market participants are keeping a close eye on price movements.
10.12.2025
- Canada: BOC Policy Rate and Statement Release
- U.S. FOMC Policy Rate and Statement Announcement
In yesterday’s U.S. currency trading, the U.S. dollar rose against the yen ahead of today’s FOMC meeting. The USD/JPY pair rose from 155.732 to 156.956. It surged to the +3σ level of the hourly Bollinger Bands, and the RSI rose from 59 to 77.On the 4-hour chart, the price is moving along the +2σ line of the Bollinger Bands, and on the daily chart, the pair has risen for three consecutive days, offsetting the losses from the past 10 trading days.
Among European currencies, the pound fell against the U.S. dollar. The GBP/USD pair dropped from 1.3354 to 1.3287. It fell within the Bollinger Bands on the hourly chart, ranging from +3σ to -3σ.On the 4-hour chart, the price has shifted from above the 20-MA to below it, while on the daily chart, it is retesting the resistance zone near the 200-SMA. Meanwhile, during today’s Asian trading session, the price is once again showing an upward trend.
Today’s schedule includes the Japan Domestic Corporate Price Index at 8:50, remarks by ECB President Lagarde at 19:55, the U.S. MBA Mortgage Applications Index at 21:00, the U.S. Third-Quarter Employment Cost Index at 22:30,at 23:45, the Bank of Canada (BOC) policy rate and statement; at 24:30, a press conference by BOC Governor McClem; U.S. weekly crude oil inventories; at 28:00, the U.S. budget balance;U.S. FOMC policy rate and statement release, 28:30 U.S. Fed Chair Powell’s press conference, and 6:45 the following day NZ Q3 manufacturing sales are scheduled. We should watch closely for price movements immediately following these releases to see if the U.S. dollar, which has risen against the yen, will weaken in response to the FOMC.
Author: Keisuke Sakurai
