Weekly FX Summary: USD/JPY soars 3.95% as U.S. Dollar strengthens amid economic data and central bank signals

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# Weekly FX Summary: USD/JPY soars 3.95% as U.S. Dollar strengthens amid economic data and central bank signals

**Week of October 03 – October 10, 2025**

DXY_candlestick_1m_20251012_2118 Chart

## Weekly Market Overview
During the week of October 3 to October 10, 2025, the forex market experienced notable fluctuations driven by a combination of economic data releases, central bank insights, and geopolitical tensions. The U.S. Dollar Index (DXY) closed at 99.54, marking a weekly increase of 1.7271%, reflecting a strong performance amid mixed economic signals.

On October 3, a series of economic indicators were released, providing mixed insights into the health of various economies. In the Eurozone, Spain and Italy’s services PMIs outperformed expectations, registering at 54.3 and 52.5, respectively, suggesting resilience in those economies. However, France’s services PMI fell short of forecasts at 48.5, indicating contraction, while Germany’s PMI also disappointed at 51.5, leading to concerns about the overall Eurozone economic outlook. The composite PMI for the Eurozone matched expectations at 51.2, but the mixed results contributed to a cautious sentiment around the euro.

In the U.S., the S&P Global Services PMI of 54.2 exceeded forecasts, while the ISM Non-Manufacturing PMI surprised investors by falling to 50.0, signaling stagnation in the services sector. This divergence fueled speculation regarding the Federal Reserve’s future policy moves, particularly ahead of their upcoming meetings. As a result, the dollar gained traction against major currencies, including the euro and pound.

Central bank communications added another layer of complexity. ECB President Christine Lagarde’s comments hinted at a cautious approach to monetary policy, while Fed officials suggested a wait-and-see stance, maintaining the dollar’s strength. The contrasting economic conditions across the Atlantic resulted in the euro losing ground against the dollar, with the EUR/USD pair trading lower throughout the week.

Geopolitical developments also played a significant role in market dynamics. Tensions escalated as President Trump’s announcement of potential tariffs on Chinese imports in response to rare earth export controls rattled investor sentiment. The immediate fallout saw U.S. stocks tumble, erasing $2 trillion in value, which reverberated through global markets, contributing to a risk-off atmosphere.

As the week concluded, the market sentiment shifted, with traders closely monitoring the evolving geopolitical landscape and its implications for economic policies. The dollar emerged as a clear winner, bolstered by safe-haven demand amid uncertainty, while the euro and pound struggled under the weight of disappointing economic data and geopolitical tensions. Overall, the week underscored the intricate interplay of economic indicators, central bank guidance, and global events shaping currency movements in the forex market.

## Major FX Group

Name Symbol Price Weekly (%) YTD (%) MA50 MA100 MA200 RSI MACD
EUR/USD – Euro / U.S. Dollar EURUSD 1.1566 -1.3561 11.15 1.1693 1.1638 1.1214 29.72 -0.0022
USD/JPY – U.S. Dollar / Japanese Yen USDJPY 152.97 3.9517 -2.5670 148.14 146.90 148.24 67.04 1.1370
GBP/USD – British Pound / U.S. Dollar GBPUSD 1.3305 -1.0560 6.0236 1.3474 1.3498 1.3165 36.55 -0.0035
USD/CHF – U.S. Dollar / Swiss Franc USDCHF 0.8062 1.1543 -10.74 0.8006 0.8042 0.8398 65.64 0.0005
AUD/USD – Australian Dollar / U.S. Dollar AUDUSD 0.6561 -0.5608 5.4823 0.6555 0.6535 0.6420 35.22 -0.0002
USD/CAD – U.S. Dollar / Canadian Dollar USDCAD 1.4019 0.4154 -2.3053 1.3839 1.3766 1.3982 77.43 0.0048
NZD/USD – New Zealand Dollar / U.S. Dollar NZDUSD 0.5753 -1.1512 2.0087 0.5878 0.5943 0.5847 27.96 -0.0035

EUR_USD_-_Euro___U.S._Dollar_candlestick_20251012_2118 Chart

USD_JPY_-_U.S._Dollar___Japanese_Yen_candlestick_20251012_2118 Chart

GBP_USD_-_British_Pound___U.S._Dollar_candlestick_20251012_2118 Chart

USD_CHF_-_U.S._Dollar___Swiss_Franc_candlestick_20251012_2118 Chart

AUD_USD_-_Australian_Dollar___U.S._Dollar_candlestick_20251012_2118 Chart

USD_CAD_-_U.S._Dollar___Canadian_Dollar_candlestick_20251012_2118 Chart

NZD_USD_-_New_Zealand_Dollar___U.S._Dollar_candlestick_20251012_2118 Chart

No significant technical comments available for the past week.

## Cross FX Group

Name Symbol Price Weekly (%) YTD (%) MA50 MA100 MA200 RSI MACD
EUR/GBP EURGBP 0.8693 -0.2982 4.8372 0.8677 0.8622 0.8514 39.01 0.0005
EUR/JPY EURJPY 176.94 2.5544 8.2932 173.20 170.96 166.07 60.84 0.9867
EUR/CHF EURCHF 0.9324 -0.2247 -0.7980 0.9360 0.9355 0.9389 32.27 -0.0011
EUR/AUD EURAUD 1.7627 -0.8103 5.3490 1.7839 1.7809 1.7458 46.34 -0.0030
GBP/JPY GBPJPY 203.50 2.8525 3.3021 199.57 198.27 195.00 61.53 1.0003
GBP/CHF GBPCHF 1.0725 0.0746 -5.3690 1.0786 1.0851 1.1030 43.92 -0.0020
AUD/JPY AUDJPY 100.36 3.3810 2.7985 97.08 95.98 95.12 59.33 0.7118
AUD/NZD AUDNZD 1.1404 0.5910 3.4194 1.1151 1.0996 1.0981 60.23 0.0064
CHF/JPY CHFJPY 189.72 2.7766 9.1625 185.02 182.72 176.89 64.82 1.2702
NZD/JPY NZDJPY 87.98 2.7589 -0.6190 87.05 87.27 86.61 55.34 0.1376

crosses_normalized_week_20251012_2118 Chart

No significant technical comments available for the past week.

## Exotics and Emerging

Name Symbol Price Weekly (%) YTD (%) MA50 MA100 MA200 RSI MACD
USD/TRY – U.S. Dollar / Turkish Lira USDTRY 41.82 0.4339 18.46 41.21 40.52 38.81 72.46 0.1595
USD/ZAR – U.S. Dollar / South African Rand USDZAR 17.19 -0.4557 -8.3843 17.49 17.65 18.05 52.10 -0.0751
USD/THB – U.S. Dollar / Thai Baht USDTHB 32.77 1.0173 -4.0101 32.24 32.38 33.07 80.69 0.1392
USD/SEK – U.S. Dollar / Swedish Krona USDSEK 9.5319 1.4734 -13.53 9.4575 9.5149 9.9196 62.90 0.0077
USD/NOK – U.S. Dollar / Norwegian Krone USDNOK 10.06 0.9002 -11.15 10.04 10.07 10.46 63.90 0.0051
USD/DKK – U.S. Dollar / Danish Krone USDDKK 6.4552 1.3741 -9.9291 6.3840 6.4130 6.6689 70.74 0.0128
USD/MXN – U.S. Dollar / Mexican Peso USDMXN 18.38 -0.1553 -10.90 18.55 18.72 19.45 57.78 -0.0427
USD/PLN – U.S. Dollar / Polish Zloty USDPLN 3.6802 1.3717 -10.39 3.6400 3.6573 3.7862 69.06 0.0069
USD/HUF – U.S. Dollar / Hungarian Forint USDHUF 337.93 1.8911 -14.45 336.04 340.95 358.24 67.91 0.1432
USD/CZK – U.S. Dollar / Czech Koruna USDCZK 21.06 1.8028 -12.83 20.86 21.09 22.16 66.79 0.0224

exotics_normalized_week_20251012_2118 Chart

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