Will the strength of the currency become clear? Keep a close eye on price movements during U.S. trading hours.

Will the strength of the currency become clear? Keep a close eye on price movements during U.S. trading hours.

22.01.2025

In yesterday’s U.S. currency trading, the Canadian dollar traded sideways against the yen. The CAD/JPY pair fluctuated between 107.325 and 108.762. The hourly RSI remained stagnant between 30 and 60.On the 4-hour chart, price action lacks direction as it fluctuates around the 200-period SMA, while the daily chart shows a return from the -3σ Bollinger Band to the centerline. We will be watching closely to see if the Canadian dollar’s direction becomes clearer during U.S. trading hours.

Among European currencies, the euro traded in a narrow range against the Australian dollar. The EUR/AUD pair fluctuated between 1.6584 and 1.6680. The market lacked direction, with the 200-period simple moving average (SMA) on the hourly chart providing support on the downside. On the 4-hour chart, the candlesticks are contracting into a triangle, while on the daily chart, the pair is facing resistance at the upper wick of a bullish candle.

Today’s schedule includes the Australian Westpac Leading Index at 8:30, Malaysia’s Consumer Price Index at 13:00, the UK’s Public Sector Net Lending and Malaysia’s BNM Overnight Policy Rate at 16:00, South Africa’s Consumer Price Index and Taiwan’s Employment Statistics at 17:00, South Africa’s Retail Sales at 20:00,at 9:00 PM the U.S. MBA Mortgage Applications Index, at 10:30 PM Canada’s Industrial Product Prices, at 12:00 AM the U.S. Leading Economic Index, at 12:05 AM remarks by ECB President Lagarde, and at 3:00 AM the U.S. 20-year Treasury auction. We will carefully monitor price movements during U.S. trading hours to see if currency strength and weakness become clear.

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