Investors should be wary of sudden spikes in volatility while major markets are closed

Investors should be wary of sudden spikes in volatility while major markets are closed

06.04.2026

Last weekend, the U.S. dollar strengthened following the release of the U.S. March employment report on the 3rd, becoming the strongest currency alongside the Japanese yen.The AUD/USD pair fell from 0.6915 to 0.6881. It gradually declined as the upper price limit was capped by the 200-period simple moving average (SMA) on the hourly chart. On the 4-hour chart, price action is narrowing the range between the upper and lower limits within the -2σ to +2σ Bollinger Bands, suggesting the formation of a triangle consolidation pattern. On the daily chart, the pair is positioned just below the 75-period moving average (MA), awaiting a breakout in either direction.

Among European currencies, the euro fell against the yen.The euro/yen pair fell from 184.266 to 183.541. On the hourly chart, it dropped from the +2σ to the -3σ Bollinger Band. On the 4-hour chart, the price has moved from above the 20-MA to below it, and the candlestick found support just below the 200-EMA. On the daily chart, the RSI has remained around 50 for the past month, indicating a continued state of consolidation.

The U.S. ISM Non-Manufacturing Purchasing Managers' Index is scheduled to be released at 11:00 p.m. today. As on the 3rd, European markets will be closed today for the Easter holiday. With major markets closed, we should be particularly vigilant for sudden spikes in volatility.

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