All eyes are on whether the U.S. dollar, which has fallen against the yen, will continue to slide

All eyes are on whether the U.S. dollar, which has fallen against the yen, will continue to slide

10.02.2026

In the previous day's U.S. currency trading, the U.S. dollar fell against the yen.The USD/JPY pair fell from 157.660 to 155.521, breaking below the support line of the 200-period EMA on the hourly chart. Similar price action is observed on the 4-hour chart, while on the daily chart, prices have dropped to just below the 75-period MA, pushing the RSI down from 55 to 45. Furthermore, the US dollar has continued to decline during today’s Asian trading session, approaching this month’s lows.

Among European currencies, the Swiss franc emerged as the strongest performer. The CHF/JPY pair rose from 201.624 to 203.468. On the hourly chart, the price moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the 20-period MA is acting as support, while the daily chart showed a band walk along the +2σ line of the Bollinger Bands. During today’s Asian trading session, the pair hit a new high, touching 203.661.

Today’s economic indicators include remarks by U.S. Federal Reserve Governor Milan at 7:00, the Australian Westpac Consumer Confidence Index at 8:30, the Australian NAB Business Conditions Index at 9:30, Japanese machine tool orders at 15:00, the U.S. NFIB Small Business Optimism Index at 20:00, and U.S. retail sales at 22:30,U.S. Import Price Index, U.S. Q4 Employment Cost Index, U.S. Business Inventories at 12:00 a.m., remarks by U.S. Federal Reserve Bank of Cleveland President Hammack at 2:00 a.m., and a U.S. 3-year Treasury auction and remarks by U.S. Federal Reserve Bank of Dallas President Logan at 3:00 a.m. We will be watching to see if the U.S. dollar, which has fallen against the yen, will extend its decline.