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 U.S. dollar continues to decline during today’s Asian trading session, approaching this month’s low range.

Among European currencies, the Swiss franc emerged as the strongest. 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 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, 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.

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