All eyes are on whether the pound, which has risen against the yen, will continue to climb higher

All eyes are on whether the pound, which has risen against the yen, will continue to climb

09.03.2026

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 and a sharp decline from the previous month’s gain of 130,000.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-day EMA is acting as a support level, and a rebound is underway.

Among European currencies, the pound rose against the yen.GBP/JPY rose from 209.962 to 211.533. The 200-period SMA on the hourly chart acted as a support line, causing prices to turn upward. On the 4-hour chart, the price has expanded from the -2σ to the +3σ Bollinger Bands, and on the daily chart, it has hit a new high for the month while finding support at the 75-period MA. Furthermore, on the weekly chart, the uptrend along the 20-period MA has remained intact since May of last year.

Today’s economic indicators include Japan’s Monthly Labor Survey at 8:30 a.m., Japan’s Balance of Payments at 8:50 a.m., Japan’s Leading Economic Index at 2:00 p.m., Japan’s Tankan Survey at 3:00 p.m., and Germany’s New Manufacturing Orders and Manufacturing Orders at 4:00 p.m. No other major economic indicators or key speeches are scheduled.We will be watching to see if the pound, which has risen against the yen, continues to climb higher.