Market participants are likely to keep a close eye on the upside potential of the euro 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 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 and trending upward. 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 at 23:30,at 12:50 a.m. UK BOE Governor Bailey’s remarks, at 2:00 a.m. Swiss SNB Governor Schlegel’s remarks, at 2:45 a.m. U.S. Fed Vice Chair Bowman’s remarks, and at 3:00 a.m. the U.S. Beige Book (Regional Federal Reserve Economic Report). We will be closely monitoring the upside potential for the euro, which has risen against the U.S. dollar.
Author: Keisuke Sakurai
