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?

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?

09.04.2026

In the U.S. currency market yesterday, the U.S. dollar fell against the yen. The USD/JPY pair dropped from 159.738 to 157.890. A downtrend developed along the -3σ line of the hourly Bollinger Bands. On the 4-hour chart, the price broke below the 200-SMA support line with a real body candle, and on the daily chart, it broke below the 20-MA, bringing the uptrend that had been following the 20-MA since February to a halt with yesterday’s decline.

European currencies saw the pound rise against the yen after the UK’s March Construction PMI (Purchasing Managers’ Index), released yesterday, recovered to 45.6 from 44.5 the previous month. GBP/JPY rose from 212.023 to 213.134. An uptrend was observed along the 20-period moving average on the hourly chart.On the 4-hour chart, a band walk along the +2σ line of the Bollinger Bands has emerged, and on the daily chart, prices have recovered to the high range seen last month. The pair is now entering a flag pattern on the daily chart.

Today’s economic indicators include the UK RICS House Price Index at 8:01, Japan’s Foreign and Domestic Securities Investment at 8:50, Japan’s Consumer Sentiment Index at 14:00, Germany’s Trade Balance andIndustrial Production, at 17:00 a statement by SNB Governor Schlegel, at 21:30 U.S. Personal Income, U.S. PCE Price Index, U.S. Real GDP, and U.S. Initial Jobless Claims, at 23:00 U.S. Wholesale Inventories, at 23:30 U.S. Weekly Natural Gas Storage, and at 02:00 a U.S. 30-Year Treasury Auction.I want to wait and see how the market moves during U.S. trading hours to determine whether the U.S. dollar, which has fallen against the yen, will extend its decline.

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