Will the market wait and see how much further the euro can rise against the U.S. dollar?
26.02.2026
- NZ/ANZ Business Confidence
- Japan Economic Sentiment Index
In the U.S. currency market yesterday, the U.S. dollar rose against the yen. The USD/JPY pair rose from 155.358 to 156.818. On the hourly chart, the price has moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the price has completed a retest following a break above the 200-period simple moving average (SMA), and on the daily chart, it is currently returning to levels near this month’s high. Additionally, on the weekly chart, the price has moved from below the 20-period MA to above it.
European currencies rose against the U.S. dollar as the final figures for the Eurozone’s January Harmonized Index of Consumer Prices (HICP), released yesterday, showed no change from the previous month on a year-over-year basis, including core inflation.The EUR/USD pair rose from 1.1771 to 1.1814. On the hourly chart, the price moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the candlesticks are touching the +2σ line of the Bollinger Bands, and on the daily chart, the price is rebounding as the 75-period MA acts as a support line.
Today’s economic indicators include the NZ ANZ Business Confidence Index at 9:00, remarks by Bank of Japan Board Member Takada at 10:30, the Japan Economic Sentiment Index at 14:00, and the Eurozone Money Supply at 18:00,17:30: Remarks by ECB President Lagarde (EU), 18:00: Remarks by BOE Deputy Governor Lombardelli (UK), 18:30: South Africa Producer Price Index, 19:00: Eurozone Economic Sentiment and Consumer Confidence Index (EU), 22:30: U.S. Initial Jobless Claims and Canada Current Account,U.S. Durable Goods Orders, 12:00 a.m. U.S. Fed Vice Chair Bowman’s remarks, 12:30 a.m. U.S. Weekly Natural Gas Inventories, and 1:00 a.m. U.S. Kansas City Fed Manufacturing Activity Index. I intend to wait and see regarding the upside potential for the euro, which has risen against the U.S. dollar.
Author: Keisuke Sakurai
