Concerns over further downside potential for the euro against the pound
13.01.2026
- U.S. New Home Sales
- Williams (U.S.): Remarks by the President of the New York Fed
In yesterday's U.S. currency trading, the U.S. dollar rose against the yen. The USD/JPY pair climbed from 157.515 to 158.198. On the hourly chart, the price moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, an uptrend has formed along the 10-period MA, and on the daily chart, the price 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 euro-pound pair fell 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 Bollinger Bands, and on the daily chart, the 10-period MA is acting as resistance, with the price dropping to near the 200-period EMA. Furthermore, during today’s Asian trading session, the price movement 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 a.m., the Australian Westpac Consumer Confidence Index at 8:30 a.m., Japan’s trade balance at 8:50 a.m.,2:00 PM: Japan’s Tankan Survey, 4:45 PM: France’s Budget Balance, 6:00 PM: UK’s BOE Governor Bailey’s remarks, 8:00 PM: US NFIB Small Business Optimism Index, 10:30 PM: Canada’s Housing Starts,U.S. Consumer Price Index, 12:00 AM U.S. New Home Sales, U.S. Fed President Musalem (St. Louis Fed) remarks, 3:00 AM U.S. 30-Year Treasury Auction, and 4:00 AM U.S. Budget Balance. Be cautious of further downside potential for the euro, which has fallen against the pound.
Author: Keisuke Sakurai
