With markets closed in many countries over Christmas, attention is likely to focus on currency strength and weakness

With markets closed in many countries over Christmas, attention is likely to focus on currency strength and weakness

25.12.2025

In yesterday’s U.S. currency markets, the U.S. dollar rose against the euro. The EUR/USD pair fell from 1.1807 to 1.1772. On the hourly chart, the price dropped from the +2σ to the -2σ Bollinger Band. On the 4-hour chart, the RSI fell from 70 to 53. While the price has fallen just below the 20-day moving average, the uptrend along the 10-day moving average on the daily chart remains intact.

Among European currencies, the Swiss franc, which had been hitting record highs, fell against the yen. The CHF/JPY pair dropped from 198.370 to 197.316. On the hourly chart, the price has moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, the price is breaking below the uptrend line drawn along the 20-period MA, and on the daily chart, the RSI is showing divergence.

Today’s economic indicators include Japan’s foreign and domestic securities investment data at 8:50 a.m., remarks by Bank of Japan Governor Ueda at 12:30 p.m., and Japan’s housing starts and construction orders at 2:00 p.m. Please note that most major markets, including those in Europe, the U.S., and Singapore, will be closed today for Christmas. With markets around the world closed, we will carefully assess currency strength and weakness.

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