All eyes are on whether the U.S. dollar, which has fallen against the yen, will continue to slide
16.12.2025
- U.S. Manufacturing/Non-Manufacturing PMI
- UK Unemployment Rate
In the U.S. currency market the previous day, the U.S. dollar fell against the yen.The USD/JPY pair fell 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 teetering on the brink 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 a new high and has fallen to the range of this month’s lows.
Among European currencies, the pound fell against the yen. The GBP/JPY pair 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 on the verge of breaking below the uptrend line formed by the 20-period MA. Given that downward pressure persists during today’s Asian trading session, we will be watching for further weakness in the pound during U.S. trading hours.
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, and the Eurozone Manufacturing/Non-Manufacturing PMI, at 18:30 the UK Manufacturing/Non-Manufacturing PMI, at 19:00 the Eurozone ZEW Economic Sentiment Survey and the German ZEW Economic Sentiment Survey, at 22:30 the US Employment Report and US Retail Sales, and at 23:45 the US Manufacturing/Non-Manufacturing PMI, at 24:00 U.S. Business Inventories, and at 26:45 remarks by BOE Governor MacLem of Canada. We will be watching closely to see if the U.S. dollar, which has fallen against the yen, will extend its decline.
