All eyes are on whether the U.S. dollar, which has fallen against the yen, will continue to slide

All eyes are on whether the U.S. dollar, which has fallen against the yen, will continue to slide

16.12.2025

In yesterday’s U.S. currency trading, the U.S. dollar fell against the yen. The USD/JPY pair dropped from 155.979 to 154.837. A downtrend has emerged along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the pair is hovering on the verge of breaking below the 200-period simple moving average (SMA) line that had been providing support, while on the daily chart, it has failed to reach new highs and has fallen to the range of this month’s lows.

Among European currencies, the pound fell against the yen. GBP/JPY dropped from 208.433 to 207.083, breaking below the support line formed by the 200-period SMA on the hourly chart.On the 4-hour chart, the pair has already broken below the support line formed by the 75-period moving average (MA), and on the daily chart, it is hovering just on the verge of breaking the uptrend line formed by the 20-period MA. Given the downward pressure observed during today’s Asian session, we will be watching for further weakness in the pound during the U.S. session.

Today’s schedule includes the Australian Westpac Consumer Confidence Index at 8:30, the UK unemployment rate at 16:00, the French Manufacturing/Non-Manufacturing PMI at 17:15, the German Manufacturing/Non-Manufacturing PMI at 17:30, the Eurozone Manufacturing/Non-Manufacturing PMI at 18:00, and the UK Manufacturing/Non-Manufacturing PMI, the Eurozone ZEW Economic Sentiment Survey and Germany’s ZEW Economic Sentiment Survey at 7:00 PM, U.S. Employment Data and Retail Sales at 10:30 PM, U.S. Manufacturing/Non-Manufacturing PMI at 11:45 PM, U.S. Business Inventories at midnight, and remarks by Bank of Canada Governor McClem at 2:45 AM.We will be watching closely to see if the US dollar, which has fallen against the yen, will extend its decline.

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