Will the market wait and see how much further the U.S. dollar can rise against the yen?

Will the market wait and see how much further the U.S. dollar can rise against the yen?

17.04.2026 New

In the previous day’s U.S. currency trading, 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 1-hour Bollinger Bands, between -3σ and +2σ. 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. Meanwhile, 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 euro-dollar exchange rate 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: Remarks by Daily, President of the San Francisco Fed; at 2:00 AM: Remarks by Macklem, Governor of the Bank of Canada; and at 3:00 AM: Remarks by Waller, Member of the Federal Reserve Board. I intend to wait and see how much further the U.S. dollar can rise against the yen.

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