Will the yen's weakening trend continue?

Will the yen's weakening trend continue?

10.05.2021

Last weekend, the Dow Jones Industrial Average and the S&P 500 hit all-time highs, with the market characterized by rising stock prices, a weaker U.S. dollar, and flat interest rates.The Dow Jones Industrial Average closed at $34,777, up 0.66% from the previous day. Meanwhile, as the U.S. dollar weakened, gold continued its upward trend, rising from $1,810 to $1,840. The yield on the 10-year U.S. Treasury note is hovering around 1.59%.

In the foreign exchange market, the CAD/JPY pair plummeted following the release of Canadian employment data on the 7th last weekend, falling from 89.7 to 89.0. However, it rebounded during today’s Asian trading session. The CAD/JPY pair has now recovered to the level seen before the sharp drop triggered by the employment data and is poised to hit a new high for the year around 89.8. Meanwhile, the USD/JPY pair is attempting to rise and is currently trading around 108.8.

Today, Turkey’s unemployment rate is scheduled for 4:00 PM, the UK’s Halifax house price index for 4:30 PM, and remarks by Charles Evans, President of the Chicago Fed, for 3:00 AM. Aside from these, no other major economic indicators are scheduled for today. Since there are no notable economic releases this week, established trends may continue; therefore, we should closely monitor price movements with caution.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed