Market Participants May Be Watching 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 -3σ to +2σ on the hourly Bollinger Bands.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 fell against the U.S. dollar 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, and on the daily chart, it is currently pulling back after touching the +2σ Bollinger Band.
Today’s economic indicators include the European current account balance at 17:00, the European trade balance at 18:00, remarks by BOE Deputy Governor Breeden, remarks by UK MPC Member Pill at 21:00, Canadian housing starts at 21:15,at 21:30, Canada’s government bond turnover; at 23:00, the U.S. Leading Economic Index; at 24:30, the U.S. Daily:Remarks by the President of the San Francisco Fed; at 26:00, remarks by BOC Governor Macleam; and at 27:00, remarks by Fed Governor Waller. I plan to wait and see how much further the U.S. dollar, which has risen against the yen, can climb.
