Concerns Over Further Declines in the Euro Against the Pound?
13.01.2026
- U.S. New Home Sales
- U.S. – Williams: Remarks by the President of the New York Fed
In the U.S. currency market yesterday, the U.S. dollar rose against the yen. The USD/JPY pair rose from 157.515 to 158.198. It moved from below the 20-period moving average (MA) on the hourly chart to above it.On the 4-hour chart, an uptrend is developing along the 10-period moving average, and on the daily chart, the pair is extending its gains near the +2σ level of the Bollinger Bands. Notably, during today’s Asian trading session, the pair has already touched its year-to-date high of 158.985.
Among European currencies, the euro fell against the pound. The EUR/GBP pair dropped from 0.8692 to 0.8659. It pulled back after encountering resistance at the 200-period SMA on the hourly chart.On the 4-hour chart, the price has fallen from the +2σ to the -2σ levels of the Bollinger Bands, and on the daily chart, the 10-period MA is acting as resistance, with the price having fallen to near the 200-period EMA. Furthermore, during today’s Asian trading session, the price action has followed the pattern seen yesterday.
Today’s schedule includes remarks by U.S. Federal Reserve Bank of New York President Williams at 8:00, the Australian Westpac Consumer Confidence Index at 8:30, Japan’s trade balance at 8:50,at 2:00 PM, Japan’s Economic Watchers Survey; at 4:45 PM, France’s Budget Balance; at 6:00 PM, remarks by Bank of England Governor Bailey; at 8:00 PM, the U.S. NFIB Small Business Optimism Index; at 10:30 PM, Canada’s Housing Starts;U.S. Consumer Price Index, 24:00 U.S. New Home Sales, remarks by U.S. St. Louis Fed President Musalem, 27:00 U.S. 30-Year Treasury Auction, and 28:00 U.S. Budget Balance are scheduled.We should remain cautious about the downside potential for the euro, which has fallen against the pound.
Author: Keisuke Sakurai
