Will the pound, which has fallen against the yen, test lower levels? Market participants are on alert for price movements during European trading hours.
19.01.2026
- European Consumer Price Index
- Canada: Consumer Price Index
Last weekend, the U.S. dollar weakened against the yen. The USD/JPY pair fell from 158.697 to 157.823.The price 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 dropped from 62 to 43. On the daily chart, the price fell to just below the 10-period MA and briefly dipped below it during today’s Asian trading session.
Among European currencies, the pound fell against the yen. The GBP/JPY pair fell 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, the price broke below the 75-period MA support line with a real-body candle without finding support there, and on the daily chart, it temporarily dipped below the 20-period MA. Note that although the pair 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, the UK Rightmove House Price Index 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 due to 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.
