Will the U.S. dollar, which has fallen against the yen, continue to slide, or should we wait and see how the market moves?

Will the U.S. dollar, which has fallen against the yen, continue to slide, or should we wait and see how the market moves?

09.04.2026

In the U.S. currency market the previous day, the U.S. dollar fell against the yen. The USD/JPY pair fell 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—which had been acting as a support line—with a real-body candle. On the daily chart, the price broke below the 20-MA, and the uptrend that had been following the 20-MA since February of this year came to a pause following yesterday’s decline.

European currencies saw the pound rise against the yen after the UK’s March Construction PMI (Purchasing Managers’ Index), released yesterday, rebounded to 45.6 from 44.5 the previous month. The GBP/JPY pair rose from 212.023 to 213.134, showing an uptrend 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 range of last month’s highs. 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, and Germany’strade balance and industrial production at 14:00; remarks by SNB Governor Schlegel at 17:00; U.S. personal income, PCE price index, real GDP, and initial jobless claims at 21:30; U.S. wholesale inventories at 23:00;at 23:30: U.S. weekly natural gas inventories, and at 26:00: U.S. 30-year Treasury auction. I’d like 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.