All eyes are on whether the pound, which has been trading sideways against the yen, will extend its gains
29.04.2026
- Australia's Consumer Price Index (CPI)
- Rice and Durable Goods Orders
In yesterday's U.S. currency markets, the U.S. dollar rose against the euro. The EUR/USD pair fell from 1.1726 to 1.16777. It declined as it encountered resistance at the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, while the pair is finding support at the 200-period exponential moving average (EMA), the trend line is pushing the upside lower; on the daily chart, the pair is currently hovering on the verge of breaking below the 20-period MA.
Among European currencies, the pound traded sideways against the yen. The GBP/JPY pair fluctuated between 214.947 and 215.827. Prices moved above the 20-day moving average (MA), supported on the downside by the 200-day moving average (SMA) on the hourly chart. A similar price pattern is observed on the 4-hour chart, while the daily chart shows an uptrend line along the 10-day MA holding firm, with the pair currently attempting to break its year-to-date high.
Today’s economic indicators include remarks by RBNZ Governor Breman at 9:30, Australia’s Consumer Price Index (CPI) at 10:30, Eurozone money supply at 17:00, Eurozone business sentiment and consumer confidence indices at 18:00, U.S. mortgage applications at 20:00, Germany’s Consumer Price Index (CPI) at 21:00,at 9:30 PM, US Durable Goods Orders and US Housing Starts; at 10:45 PM, the Bank of Canada (BOC) policy rate announcement and statement; at 11:30 PM, US Weekly Crude Oil Inventories and a press conference by BOC Governor Macklem; at 3:00 AM, the FOMC policy rate announcement and statement; and at 3:30 AM, a press conference by Fed Chair Powell.We will be watching closely to see if the pound, which has been trading in a tight range against the yen, will extend its gains.
Author: Keisuke Sakurai
