Market Participants May Be Watching the Euro's Upside Potential Against the U.S. Dollar
15.04.2026
- Japan: Machinery Orders
- Europe: Industrial Production
In the U.S. currency market yesterday, the U.S. dollar fell against the yen despite the fact that the U.S. March Producer Price Index (PPI), released yesterday, rose 4.0% year-over-year, up from the previous month’s 3.4% increase.The USD/JPY pair fell from 159.426 to 158.602, moving downward along the -2σ line of the hourly Bollinger Bands. On the 4-hour chart, the price has fallen to just below the 200-period SMA, and on the daily chart, it has broken below the 20-period MA, which had previously served as support.
Among European currencies, the euro continued to rise against the U.S. dollar. The euro/dollar 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 and trending upward. On the 4-hour chart, the pair was seen moving along the +2σ line of the Bollinger Bands.On the daily chart, as on the 4-hour chart, the price continues to move along the +2σ line of the Bollinger Bands, 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, the Eurozone’s industrial production at 18:00, the U.S. MBA mortgage applications index at 20:00, Canada’s manufacturing sales at 21:30,U.S. Import Price Index, U.S. NY Fed Manufacturing Index, Canadian Wholesale Sales, remarks by U.S. Federal Reserve Governor Barr, at 23:00 the U.S. NAHB Housing Market Index, at 23:30 U.S. weekly crude oil inventories,at 24:50, remarks by Bank of England Governor Bailey; at 26:00, remarks by Swiss National Bank (SNB) Governor Schlegel; at 26:45, remarks by U.S. Federal Reserve Vice Chair Bowman; and at 27:00, the U.S. Beige Book (Regional Federal Reserve Economic Report).We will be keeping a close eye on the upside potential for the euro, which has risen against the U.S. dollar.
