search

An incredible cashback rate!
40% of the spread!

Join Now

With the euro/yen rising amid a weak yen, attention is turning to its upside potential

Market Report

  1. homeHOME
  2. Market Report
  3. With the euro/yen rising amid a weak yen, attention is turning to its upside potential

With the euro/yen rising amid a weak yen, attention is turning to its upside potential

11.09.2023

Today's Highlights
  1. South Africa: Manufacturing Output
  2. Remarks by Pill, a Member of the UK’s MPC

Last weekend, the Canadian dollar emerged as the strongest currency following the release of Canada’s August employment report on the 8th, which showed a significant improvement in employment—rising from a decline of 0.64万人 the previous month to an increase of 3.99万人—and an unemployment rate of 5.5%, which was lower than the market forecast of 5.6%.The CAD/JPY pair rose from 107.162 to 108.459. It rebounded after touching the 200 SMA on the 4-hour chart and surged upward in one go. On the weekly chart, the uptrend continues, supported by the 10-day moving average (10MA) on the downside, so it will be worth watching whether the Canadian dollar continues to strengthen against the yen.

European currencies rose against the yen after Germany’s August CPI, released last weekend, came in at 6.1% year-over-year—matching the previous month’s figure. The euro/yen pair rebounded from 157.001 to 158.392, marking a gain of approximately 1.4 yen.Although the gain was larger compared to other yen crosses, since this rebound followed a break below the 200-period SMA on the 4-hour chart with a bearish candlestick featuring a lower wick, it will be important to monitor how long the euro’s rise against the yen will continue.

Today, at 15:00, Norway’s Consumer Price Index; at 16:00, Turkey’s Current Account Balance, Turkey’s Employment Statistics, the Czech Republic’s Consumer Price Index, and Turkey’s Industrial Production; at 17:00, the UK’sremarks by MPC member Pill, at 20:00 South African Manufacturing Output, at 21:00 Mexican Industrial Production, at 24:30 a U.S. 6-month Treasury bill auction, and at 26:00 a U.S. 3-year Treasury bond auction.We will cautiously monitor the upside potential of the euro/yen pair, which is rising amid a weak yen.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has been involved in investment management focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous Article

Will the Swiss franc, which has fallen against the U.S. dollar, rebound? All eyes are on whether it will rise.

Next Article

All eyes are on whether the euro-dollar exchange rate, which has been recovering gradually, will rise further.
alert
Notification Settings
close

If you're using iOS

iOSをご利用の場合

If you're using iOS, tap the "Add/Save" icon at the bottom of Safari and select "Add to Home Screen." Once you've added it to your Home Screen, you can turn on "Receive Push Notifications" as shown above.

Click here for detailed instructions

If you're using an Android device or a PC

Android、PCをご利用の場合

If you're using an Android device or a PC, you can simply turn on "Receive push notifications" as shown above without installing the app. (If your browser asks for permission, please select "Allow.")

You can find instructions on how to add this to your smartphone's home screen below.

Click here for detailed instructions
USDJPY
XAUUSD
BTCUSD
USDJPY
XAUUSD
BTCUSD
Close
Click here for explanations of each notification
arrow Return to Notification Settings
close
Details of Each Notification
line Receive key metrics and announcements

You will receive notifications about key metrics and limited-time promotions. If you turn this feature off, you may not be able to participate in limited-time promotions.

line Received a round number notification

A feature that sends notifications when a price reaches a round number. Receiving these notifications helps traders capitalize on trading opportunities and manage risk, which is why many traders are taking notice.

polygon USDJPY

Notifications are sent for every 100 pips (1 JPY) (e.g., 1 USD = 147 JPY, 1 USD = 148 JPY, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

polygon XAUUSD

Notifications are sent every 500 pips (50 USD) (e.g., $3,000, $3,050, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

polygon BTCUSD

Notifications are sent for every 5,000 USD (e.g., 110,000 USD, 115,000 USD, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

line Received notification of a sudden price fluctuation (sharp rise or fall in the exchange rate)

Receive real-time notifications of price fluctuations for USD/JPY, gold, and Bitcoin. Never miss a trading opportunity, even when you're on the go, and place orders that instantly respond to market conditions.

polygon USDJPY

You will receive a notification when there is a fluctuation of 30 pips (0.3 JPY) or more within 10 minutes (sharp rise or sharp drop). After that, notifications for sudden fluctuations under the same conditions will be suspended for 1 hour.

polygon XAUUSD

You will receive a notification when the price fluctuates by more than 20 USD within an hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for 4 hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for four hours.

Return to Notification Settings