Will the U.S. dollar, which has been firming in U.S. trading hours, continue to rise, or should we wait and see which direction it takes?

Will the U.S. dollar, which has been firming in U.S. trading hours, continue to rise, or should we wait and see which direction it takes?

06.02.2026

In the previous day’s U.S. trading session, the U.S. dollar strengthened. GBP/USD fell from 1.3655 to 1.3517, encountering resistance at the 10-period moving average (MA) on the hourly chart.On the 4-hour chart, the price temporarily broke below the 200-SMA support line, and on the daily chart, the price broke below the 20-MA support line with a real body candle without pausing. Notably, during today’s Asian session, the price has recovered to around the 38.2% retracement level of yesterday’s decline.

Among European currencies, the Swiss franc strengthened in tandem with the U.S. dollar. The CHF/JPY pair rose from 201.386 to 202.337. On the hourly chart, it moved from the -2σ to the +2σ Bollinger Band.On the 4-hour chart, an uptrend has formed along the 10-day moving average, and on the daily chart, the RSI has risen from 55 to 63, reaching a new all-time high. During today’s Asian trading session, the pair is attempting to rise again while consolidating at lower levels.

Today’s schedule includes remarks by RBA Governor Block at 7:30 AM, remarks by BOJ Board Member Masuda at 10:30 AM, Japan’s Leading and Coincident Economic Indices at 2:00 PM, Germany’s Industrial Production and Trade Balance, and the UK’s Halifax House Price Index at 4:00 PM, France’s Trade Balance and Current Account at 4:45 PM,at 5:00 PM, Switzerland’s unemployment rate; at 9:15 PM, remarks by MPC member Pill (UK); at 10:30 PM, Canada’s employment report; at 12:00 AM, Canada’s Ivey PMI and the University of Michigan Consumer Sentiment Index (US); at 2:00 AM, remarks by Fed Vice Chair Jefferson (US); and at 3:00 AM, US consumer credit balances.I want to wait and see whether the US dollar, which has been firming in US trading hours, will continue to extend its gains.

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