![Confirmation of Post-Holiday Movement in US Markets: Is the Trend Dollar Strength and Yen Weakness? Confirmation of Post-Holiday Movement in US Markets: Is the Trend Dollar Strength and Yen Weakness?](https://c.mql5.com/6/941/splash-756249-1708429898.jpg)
Confirmation of Post-Holiday Movement in US Markets: Is the Trend Dollar Strength and Yen Weakness?
![Masayuki Sakamoto Masayuki Sakamoto](https://c.mql5.com/avatar/2021/6/60B91315-7A95.png)
The dollar-yen rose to the 150.30 yen level. However, there were no significant factors observed, with US bond yields not showing much activity. Asian stocks, including Japan's, were slightly weak.
In overseas markets, attention is on the movements of US and Canadian markets, which were closed yesterday. With a firming trend in cross-yen pairs, the flow seems to be upward.
The key point for the dollar-yen is how much selling pressure will emerge in the latter half of the 150 yen range. In the medium term, attention is on the high levels of 151.90 yen set twice in October 2022 and November 2023, but it still seems a bit distant, so the focus is on whether it can handle selling up to 151 yen.
The euro-dollar is slightly heavy near 1.0800. There's a possibility of testing lower levels if it falls below 1.0750.
The euro-yen is fundamentally strong. If it firmly surpasses 162.00 yen, there could be further upward movement, but there are also sell orders in place.
The pound will be in focus as Bank of England Governor Bailey and other MPC members attend the UK Parliament's Treasury Committee. Their statements about future outlook will be closely watched.
Today's highlight is the release of the Canadian Consumer Price Index (CPI). Attention will be on the subsequent movement of the Canadian dollar (CAD).