All eyes are on whether the U.S. dollar, which has fallen against the yen, will continue to slide further
10.02.2026
- Yone-Hammack: Remarks by the President of the Cleveland Federal Reserve Bank
- U.S. Retail Sales
In the U.S. currency market yesterday, the U.S. dollar fell against the yen. The USD/JPY pair fell from 157.660 to 155.521, breaking below the support line formed by the 200-period EMA on the hourly chart.The 4-hour chart shows a similar price movement to the hourly chart. On the daily chart, the price has fallen just below the 75-day moving average (MA), pushing the RSI down from 55 to 45. Furthermore, during today’s Asian trading session, the U.S. dollar has continued to decline, approaching this month’s lows.
Among European currencies, the Swiss franc emerged as the strongest. The CHF/JPY pair rose from 201.624 to 203.468. It moved from below the 20-period moving average (MA) on the hourly chart to above it.On the 4-hour chart, the 20-period moving average is acting as support, while the daily chart showed a “band walk” along the +2σ line of the Bollinger Bands. Additionally, 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 Confidence Index at 9:30,at 15:00, Japan’s Machine Tool Orders; at 20:00, the U.S. NFIB Small Business Optimism Index; at 22:30, U.S. Retail Sales, the U.S. Import Price Index, and the U.S. Fourth-Quarter Employment Cost Index; at 24:00, U.S. Business Inventories;at 26:00, remarks by U.S. Federal Reserve Bank of Cleveland President Hammack; at 27:00, a U.S. 3-year Treasury auction; and remarks by U.S. Federal Reserve Bank of Dallas President Logan are scheduled. We will be watching to see if the U.S. dollar, which has fallen against the yen, will extend its decline.
Author: Keisuke Sakurai
