Will the euro-yen pair, which has hit a record high, continue to rise, or should investors be wary of its direction?
22.12.2025
- UK Current Account Balance
- Prices of Agricultural and Industrial Products
Last weekend, the U.S. dollar rose against the yen. The USD/JPY pair climbed from 155.520 to 157.756, following a steep upward trend along the 10-period moving average on the hourly chart. On the 4-hour chart, the price reached the +3σ level of the Bollinger Bands, while on the daily chart, the RSI surged from 47 to 62. The price is now approaching the range of this year’s January highs.
Among European currencies, the Swiss franc surged against the yen. The CHF/JPY pair rose from 195.465 to 198.287. An uptrend has formed along the 20-period moving average on the hourly chart. On the 4-hour chart, the RSI surged from 40 to 82 and reached the +3σ level of the Bollinger Bands.On the daily chart, the RSI also reached 70, setting a new all-time high. Meanwhile, on the monthly chart, the RSI is showing divergence.
Today’s economic indicators include the UK’s Q3 real GDP and current account balance at 4:00 PM, Canada’s industrial product prices and raw material price index at 10:30 PM, and the Chicago Fed National Activity Index at 11:00 PM, with a U.S. 2-year Treasury auction scheduled for 3:00 AM.No other notable economic indicators or key speeches are scheduled. With the CHF/JPY pair having hit a record high, we need to watch for signs of whether it will continue to rise.
Author: Keisuke Sakurai
