Will the pound, which has fallen against the yen, test lower levels? Market participants are keeping a close eye on price movements during European trading hours.

Will the pound, which has fallen against the yen, test lower levels? Market participants are keeping a close eye on price movements during European trading hours.

19.01.2026

Last weekend, the U.S. dollar fell against the yen. The USD/JPY pair dropped from 158.697 to 157.823. It fell along the 20-period moving average (MA) on the hourly chart to just below the 200-period SMA. On the 4-hour chart, the candlesticks fell to the 75-period MA, and the RSI declined from 62 to 43.On the daily chart, the price has fallen just below the 10-day moving average (MA), and during today’s Asian trading session, it briefly dipped below the daily 10-day MA.

Among European currencies, the pound fell against the yen. GBP/JPY dropped from 212.281 to 211.383.It declined while being capped by the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, it broke below the 75-period MA support line with a real body candle without pausing, and on the daily chart, it temporarily dipped below the 20-period MA. Additionally, although it opened with a downward gap of about 70 pips during today’s Asian session, it has already completely filled the gap.

Today’s economic indicators include Japanese machine tool orders at 8:50, UK Rightmove house prices at 9:01, Japanese industrial production and the Japanese tertiary industry activity index at 13:30, the Eurozone consumer price index at 19:00, and the Canadian consumer price index at 22:30.Please note that U.S. markets are closed today for a holiday. We should keep a close eye on price movements during European trading hours to see if the pound, which has fallen against the yen, will extend its decline.

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