All eyes are on whether the pound, which has risen against the yen, will continue to climb higher
09.03.2026
- German Manufacturing Orders
- Japan Economic Watchers Survey
Last weekend, the U.S. dollar fell against the euro following the release of the U.S. February employment report on the 6th, which showed that nonfarm payrolls fell by 92,000—a miss of market expectations of 60,000—down from 130,000 the previous month.The EUR/USD pair rose from 1.1546 to 1.1621, rebounding from the -2σ level of the hourly Bollinger Bands. On the 4-hour chart, the RSI, which had fallen to 22, recovered to 46. On the daily chart, the 200-period EMA is acting as a support level, and a rebound is underway.
Among European currencies, the pound rose against the yen. The GBP/JPY pair rose from 209.962 to 211.533. The 200-period SMA on the hourly chart acted as a support line, causing the price to turn upward.On the 4-hour chart, the price has expanded from the -2σ to the +3σ levels of the Bollinger Bands, and on the daily chart, it has hit a new high for the month while finding support at the 75-day moving average. Meanwhile, on the weekly chart, the uptrend along the 20-day moving average has remained intact since May of last year.
Today’s economic indicators include Japan’s Monthly Labor Survey at 8:30, Japan’s Balance of Payments at 8:50, Japan’s Economic Sentiment Index at 14:00, Japan’s Economic Watchers Survey at 15:00, and Germany’s New Manufacturing Orders and Manufacturing Orders at 16:00.No other major economic indicators or remarks by key officials are scheduled. We will be watching to see if the pound, which has risen against the yen, will continue to climb higher.
Author: Keisuke Sakurai
