Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

15.04.2026 New

In the U.S. currency market yesterday, the U.S. dollar fell against the yen despite the release of the U.S. March Producer Price Index (PPI), which showed a year-over-year increase of 4.0%, up from 3.4% the previous month.The USD/JPY pair fell from 159.426 to 158.602, declining along the -2σ line of the hourly Bollinger Bands. On the 4-hour chart, the price has fallen to just below the 200-SMA, and on the daily chart, it has broken below the 20-MA, which had previously served as support.

Among European currencies, the euro continued to rise against the U.S. dollar.The EUR/USD pair has risen for seven consecutive trading days. It climbed from 1.1748 to 1.1809, finding support at the 10-period moving average on the hourly chart. On the 4-hour chart, a band walk along the +2σ line of the Bollinger Bands was observed. On the daily chart, the band walk along the +2σ line of the Bollinger Bands continues, just as on the 4-hour chart, and the RSI is currently rising toward 65.

Today’s economic indicators include Japan’s machinery orders at 8:50, France’s consumer price index at 15:45, Eurozone industrial production at 18:00, the U.S. MBA mortgage applications index at 20:00, Canada’s manufacturing sales at 21:30, the U.S. import price index, the U.S. NY Fed manufacturing index, and Canada’s wholesale sales,US Fed Governor Barr’s remarks at 23:00, US NAHB Housing Market Index at 23:30, US weekly crude oil inventories atat 12:50 a.m. UK: Remarks by BOE Governor Bailey, at 2:00 a.m. Switzerland: Remarks by SNB Governor Schlegel, at 2:45 a.m. US: Remarks by Fed Vice Chair Bowman, and at 3:00 a.m. US: Beige Book (Regional Federal Reserve Economic Report). We will be watching for upside potential in the euro, which has risen against the US dollar.

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