Will the U.S. dollar, which has risen against the yen, weaken following the FOMC meeting? Market participants are watching price movements closely.

Will the U.S. dollar, which has risen against the yen, weaken following the FOMC meeting? Market participants are watching price movements closely.

10.12.2025

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 climbed 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, a band walk along the +2σ line of the Bollinger Bands is observed, while the daily chart shows a third consecutive day of gains, offsetting the losses from the previous 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. On the hourly chart, the price fell from the +3σ to the -3σ Bollinger Band. On the 4-hour chart, the price has moved from above the 20-period moving average (MA) to below it, while on the daily chart, it is retesting the resistance zone near the 200-period simple moving average (SMA). Meanwhile, during today’s Asian trading session, the price is showing signs of moving higher again.

Today’s schedule includes the Japan Domestic Corporate Goods 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, the Bank of Canada’s policy rate decision and statement at 23:45, a press conference by Bank of Canada Governor McClem at 24:30, U.S. weekly crude oil inventories,at 28:00, U.S. Budget Balance and FOMC Policy Rate and Statement; at 28:30, U.S. Fed Chair Powell’s press conference; and at 6:45 the following day, NZ Q3 Manufacturing Sales. 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 due to the FOMC.

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