All eyes are on whether the pound, which has faced resistance against the U.S. dollar, will stage a comeback during European trading hours

All eyes are on whether the pound, which has faced resistance against the U.S. dollar, will stage a comeback during European trading hours

14.01.2026

In yesterday’s U.S. currency trading, the U.S. dollar rose against the yen after the December U.S. Consumer Price Index (CPI) released yesterday showed a year-over-year increase of 2.7%, unchanged from the previous month, and the core index—excluding food and energy—also remained unchanged at 2.6%.The USD/JPY pair rose from 157.901 to 159.188. An uptrend has formed along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the price is rising steeply along the 10-period MA, and on the daily chart, the RSI has already reached the 70 line.

Among European currencies, the pound fell against the U.S. dollar. The GBP/USD pair dropped from 1.3494 to 1.3421. On the hourly chart, the price fell from the +2σ to the -2σ Bollinger Band. On the 4-hour chart, the price has shifted from above the 20-period moving average (MA) to below it, and the daily chart shows a similar price movement. However, as the pair has rebounded slightly during today’s Asian session, we will be watching for signs of strength or weakness in the pound during the European session.

Today’s economic indicators include: New Zealand housing permits at 6:45, Japan’s money supply at 8:50, Japan’s machine tool orders at 15:00, remarks by MPC member Taylor at 18:15, U.S. MBA mortgage applications at 21:00, U.S. Producer Price Index, U.S. retail sales, and U.S. current account balance at 22:30,23:50: U.S. remarks by Paulson, President of the Philadelphia Fed; 24:00: U.S. business inventories, U.S. existing home sales, and remarks by Fed Governor Mian; 24:30: U.S. weekly crude oil inventories; and 28:00: U.S. Beige Book (Federal Reserve District Economic Report).We will be watching closely to see if the pound, which has faced resistance against the US dollar, can stage a comeback during European trading hours.

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