Will the Canadian dollar, which has fallen against the yen, rebound? All eyes are on price movements during U.S. trading hours.

Will the Canadian dollar, which has fallen against the yen, rebound? All eyes are on price movements during U.S. trading hours.

25.04.2025

In yesterday’s U.S. currency trading, the Canadian dollar fell against the yen. The CAD/JPY pair dropped from 103.296 to 102.556. On the hourly chart, it fell from the +2σ to the -3σ Bollinger Band. On the 4-hour chart, a pullback occurred just before the 200 SMA.On the daily chart, the pair is currently reversing after touching the 20-day moving average. We will closely monitor the direction to see if the Canadian dollar’s momentum continues to weaken.

Among European currencies, the pound rebounded against the U.S. dollar. The GBP/USD pair rose from 1.3243 to 1.3347. The rebound occurred as the pair found support at the 200-period EMA on the hourly chart. On the 4-hour chart, the price has moved from below the 20-period MA to above it, while on the daily chart, the 10-period MA is acting as a support line. However, as the pound has weakened during today’s Asian session, traders should keep a close eye on price movements during the European session.

Today’s key economic indicators include remarks by Kashkari, President of the Federal Reserve Bank of Minneapolis, at 6:00 a.m.; the UK Consumer Confidence Survey at 8:01 a.m.; Japan’s Tokyo Metropolitan Area Consumer Price Index at 8:30 a.m.; UK Retail Sales at 3:00 p.m.; remarks by SNB President Schlegel at 5:00 p.m.; Canadian Retail Sales at 9:30 p.m.;23:00: University of Michigan Consumer Sentiment Index (U.S.), and 23:15: Remarks by MPC member Green (UK). We will be watching price movements during U.S. trading hours to see if the Canadian dollar, which has fallen against the yen, will stage a rebound.

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