Market participants may be waiting to see how much further the U.S. dollar can rise against the yen
17.04.2026
- Canada: Housing Starts
- U.S. Leading Economic Index
In the U.S. currency market yesterday, the U.S. dollar rose against the yen. The USD/JPY pair rose from 158.269 to 159.303. It traded within the range of the -3σ to +2σ Bollinger Bands on the hourly chart. On the 4-hour chart, the price has moved from below the 20-period moving average (MA) to above it, while on the daily chart, it is forming higher lows just below the 20-period MA. On the weekly chart, the price continues to trade above the 10-period MA.
Among European currencies, the euro fell against the U.S. dollar. The EUR/USD pair dropped from 1.1823 to 1.1767. On the hourly chart, the price has moved from the +2σ to the -2σ Bollinger Band. On the 4-hour chart, the price is attempting to break below the 20-period moving average, while on the daily chart, it is currently pulling back after touching the +2σ Bollinger Band.
Today’s economic indicators include the Eurozone current account balance at 5:00 PM, the Eurozone trade balance at 6:00 PM, remarks by BOE Deputy Governor Breeden, remarks by UK MPC member Pill at 9:00 PM, Canadian housing starts at 9:15 PM, Canadian government bond turnover at 9:30 PM,at 11:00 PM: U.S. Leading Economic Index; at 12:30 AM: U.S. Daily: Remarks by the President of the San Francisco Fed; at 2:00 AM: Remarks by BOC Governor Maclean; and at 3:00 AM: Remarks by Fed Governor Waller. We will monitor the upside potential of the U.S. dollar, which has risen against the yen.
Author: Keisuke Sakurai
