Dollar-Yen Trading Aims to Test the 162-Yen Level Amid U.S. Economic Data and German CPI
30.06.2026
- Germany's June Consumer Price Index (CPI, preliminary figures)
- U.S. June Consumer Confidence Index and May JOLTS Job Openings
In the previous day’s U.S. currency trading, the U.S. dollar held steady against the yen amid concerns over persistently high U.S. interest rates and the interest rate differential between Japan and the U.S. The dollar-yen pair traded within a range of 161.72 to 161.88 yen in the Tokyo market, settling in the low 161.80 yen range as of 5:00 p.m.Downward pressure on the yen persisted thereafter, and the USD/JPY pair was seen rising to the low 162-yen range at times. Resistance around 162.50 and support between 162.00 and 161.50 are likely to be key levels to watch, and market participants should also be mindful of authorities’ vigilance regarding the yen’s continued weakening.Today, the U.S. June Consumer Confidence Index and May JOLTS job openings are scheduled for release; we will monitor these indicators to assess the U.S. economy and labor market and determine whether the USD/JPY pair will continue to trade at elevated levels.
European currencies rose as the Eurozone’s June Economic Sentiment Index climbed to 95.0 from the previous month, reflecting a perceived recovery in the region’s economic sentiment. European Central Bank (ECB) President Lagarde has indicated that the Eurozone economy is becoming more resilient, making market participants particularly attentive to her comments regarding future interest rate hikes.Meanwhile, the strengthening U.S. dollar weighed on the euro, and the EUR/USD pair traded within a range of 1.1382 to 1.1414 in the Tokyo session, settling near 1.1400 as of 5:00 p.m.Resistance levels around 1.1420 to 1.1450 and support levels around 1.1380 to 1.1350 are likely to be closely watched, and the immediate focus will be on whether the pair can hold steady near 1.1400.Today, Germany’s June Consumer Price Index (CPI, preliminary reading) and June unemployment rate are scheduled for release, and we will be watching the euro’s reaction during European trading hours.
Today’s economic indicators include France’s June Consumer Price Index (CPI, preliminary) and May Producer Price Index (PPI) at 15:45,the Swiss June KOF Leading Economic Index at 16:00, Germany’s June unemployment figures and unemployment rate at 16:55, Germany’s June Consumer Price Index (CPI, preliminary) at 21:00, Canada’s April monthly Gross Domestic Product (GDP) at 21:30,the U.S. April Case-Shiller Home Price Index at 22:00, the U.S. June Chicago Purchasing Managers’ Index at 22:45, and the U.S. June Consumer Confidence Index and May JOLTS Job Openings at 23:00 will be the main focus.In particular, the German CPI during European trading hours and U.S. consumer confidence and JOLTS job openings during New York trading hours are likely to be key drivers, so we will carefully assess the direction of the U.S. dollar, the yen, and the euro.
Author: Keisuke Sakurai
