Market participants may be cautiously watching to see how much further the euro could fall, as resistance at higher levels has strengthened

Market participants may be cautiously watching to see how much further the euro could fall, as resistance at higher levels has strengthened

13.02.2026

In yesterday’s U.S. currency trading, the U.S. dollar fell against the yen. The USD/JPY pair dropped from 153.760 to 152.267. It fell from the +2σ to the -2σ levels of the hourly Bollinger Bands.On the 4-hour chart, the price continues to move along the -2σ line of the Bollinger Bands, while on the daily chart, it has hit a new monthly low just below the 200-day EMA. However, during today’s Asian trading session, the price has recovered to around the midpoint of yesterday’s range.

Among European currencies, the euro saw a seesaw movement against the U.S. dollar.The EUR/USD pair traded between 1.1852 and 1.1889. Price action was seen fluctuating around the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, prices have already fallen below the 20-period MA while forming lower highs, and on the daily chart, the pair has fallen to around the midpoint of the sharp rally seen at the start of the week. Given the downward price movement during today’s Asian session, traders should be wary of further declines in the euro during European trading hours.

Today’s key events include remarks by Logan, President of the Dallas Fed, at 9:00 a.m., remarks by Federal Reserve Governor Milan at 9:05 a.m., remarks by Bank of Japan Board Member Tamura at 12:30 p.m., the Swiss Consumer Price Index at 4:30 p.m., and the Eurozone Q4 GDP and trade balance at 7:00 p.m.21:00 UK: Remarks by MPC Member Pill, and 22:30 US: Consumer Price Index. We intend to carefully monitor the downside potential for the euro, which has faced resistance on the upside.

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