search

An incredible cashback rate!
40% of the spread!

Join Now

With the yen's strength at the end of the month giving way to a trend toward a weaker yen, investors should keep an eye on currency strength and weakness.

Market Report

  1. homeHOME
  2. Market Report
  3. With the yen's strength at the end of the month giving way to a trend toward a weaker yen, investors should keep an eye on currency strength and weakness.

With the yen's strength at the end of the month giving way to a trend toward a weaker yen, investors should keep an eye on currency strength and weakness.

01.12.2023

Today's Highlights
  1. Canada: Employment Statistics
  2. U.S. ISM Manufacturing Index

In yesterday’s U.S. trading session, the Canadian dollar rose against the yen ahead of today’s U.S. employment report. The CAD/JPY pair rebounded by approximately 130 pips, rising from 108.061 to 109.451. On the hourly chart, the price broke above the 200-period SMA resistance with a real body candle.Technically, the CAD/JPY pair is trading in a range as it searches for direction around the daily 20-day moving average (MA), and the daily RSI is also stagnating around the 50 level. It will be worth watching whether the Canadian dollar continues its rebound against the yen into early December.

European currencies saw the Swiss franc rise against the yen after Switzerland’s October retail sales figures, released yesterday, improved to -0.1% from -0.6% the previous month. The franc rose against the yen from 168.032 to 170.208.On the 4-hour Bollinger Bands chart, the pair temporarily broke above the +3σ line. On the daily chart, although the pair remains within the +2σ range of the Bollinger Bands, it has been forming higher lows, so caution is warranted regarding the potential for an upward move at the start of the month.

Today, India’s Manufacturing PMI is scheduled for 14:00, Turkey’s Manufacturing PMI for 16:00, France’s budget balance for 16:45,at 5:00 PM, Swiss Real GDP; at 5:30 PM, Swiss SVME Purchasing Managers’ Index; at 5:50 PM, German Manufacturing PMI; at 6:00 PM, Eurozone Manufacturing PMI; at 6:30 PM, UK Manufacturing PMI; at 10:30 PM, Canadian Employment Statistics;at 23:45, U.S. Manufacturing PMI; at 24:00, U.S. Construction Spending, U.S. ISM Manufacturing Index, and remarks by U.S. Chicago Fed President Goolsbee; and at 25:00, remarks by U.S. Federal Reserve Chair Powell are scheduled.We need to carefully assess the shift in currency strength, which is moving from yen appreciation at the end of the month to yen depreciation.

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 U.S. dollar, which has been weakening due to falling long-term interest rates, rebound by the end of the month? This is something to watch.

Next Article

Will the market wait and see which direction the U.S. dollar takes following Fed Chair Powell’s remarks cautioning against monetary easing?
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).

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 4 hours.

Return to Notification Settings