Forex Market Update: Asia Session Rangebound Ahead of US Data

Session brief Neutral bias Sep 25, 2026, 00:32 UTC

Daniel TanAsia-Pacific Market Analyst · ForexR analyst

Major currency pairs remain locked in tight consolidations during the Asia session as the market prepares for key economic data from Europe and the United States today.

Major global assets are consolidating within tight boundaries during the Asia session as market participants prepare for a heavy slate of eurozone and US economic releases today. Among the digital assets, Bitcoin leads the session with an increase of 0.33% on the day, while Ethereum has ticked up by 0.2%. On the other side of the board, WTI Crude Oil lags the field with a decline of 1.24% on the day, and Gold is trading down by 0.12%. This cautious environment follows a rise in US Treasury yields yesterday, September 24, where the 2-year yield closed at 4.87% (up 2 basis points) and the 10-year yield finished at 5.18% (up 7 basis points).

Technical Setups for Major Currency Pairs

Both the daily and four-hour trends for EUR/USD point downward, with the pair trading near its day low of 1.13709. A sustained break below the daily S1 support level at 1.1359 would open the path for deeper declines, whereas a recovery above the daily pivot at 1.13787 would invalidate the immediate bearish outlook and target the daily R1 resistance level at 1.13989. We monitor these shifting intraday baselines using our pivot point calculator.

USD/JPY is currently displaying mixed signals, with its daily trend classified as mixed while the shorter four-hour trend points up. The pair is trading close to its day high of 158.897. If buyers push past the daily R1 resistance level at 159.308, the pair may find room for further expansion. On the downside, a slip back below the daily pivot at 158.542 would suggest a shift in control toward the daily S1 support level at 158.07.

The daily trend for AUD/USD remains mixed, while the four-hour trend points down. The price is hovering near its day low of 0.70029. A clean move below the S1 support level at 0.69952 could trigger a broader leg lower. Conversely, breaking above the daily pivot at 0.70196 would open the way to test the daily R1 resistance level at 0.70345.

Shifting Themes in Global Newsflow

Precious metals and energy markets are commanding notable media attention. Commentators at FX Street and FXEmpire have discussed gold's recent pullback alongside yield developments and physical demand patterns in Asian imports. Meanwhile, Q4 outlook commentary from Forexcom notes the broader performance of the US dollar in North American trade.

Key European and US Catalysts Today

The macroeconomic schedule today is packed with several medium-impact releases. At 06:00 UTC, the German GfK Consumer Confidence Survey is expected to print at -27.4, compared to the previous release of -26.6. Soon after, at 07:00 UTC, Spain's Gross Domestic Product (QoQ) is forecast to show a growth rate of 0.7%, up slightly from the previous reading of 0.6%.

During the US session, the focus shifts to central bank commentary and tier-one economic data. Federal Reserve speaker Williams is scheduled to speak at 09:15 UTC. At 12:30 UTC, the US Durable Goods Orders are anticipated to decline by -0.4% from the previous 1.1%, while the core reading excluding transportation is expected to print at 0.6%, up from the previous 0.4%. Later, at 14:00 UTC, we will get the Michigan Consumer Sentiment Index, projected at 47.6 versus the previous 47.8, alongside the 1-year consumer inflation expectations which previously stood at 4.6%. Keeping track of these releases on our economic calendar is essential as the session progresses.

Bottom Line

With major currency pairs trading in highly compressed ranges, the market is poised for a breakout once European and US sessions get underway. We will continue to evaluate how these setups develop at key daily levels, and traders can access our continuous market analysis as the macroeconomic data hits the wires today.