Market participants are likely to keep a close eye on the upside potential of the pound, which has risen against the yen following an improvement in the UK unemployment rate

Market participants are likely to keep a close eye on the upside potential of the pound, which has risen against the yen following an improvement in the UK unemployment rate

13.08.2025

In yesterday’s U.S. trading session, the Canadian dollar fell against the yen. The CAD/JPY pair dropped from 107.754 to 107.196. On the hourly chart, the price fell from the +2σ to the -3σ Bollinger Bands. On the 4-hour chart, the pair is trading sideways with support at the 200-period SMA, while on the daily chart, resistance is building just below the 20-period MA.We will be closely monitoring the direction of the market to see if the Canadian dollar’s momentum continues to weaken during today’s U.S. trading session.

European currencies saw the pound rise against the yen following the release of the UK’s July employment statistics yesterday, which showed the unemployment rate improved by 0.1 percentage points from the previous month’s 4.5% to 4.4%. The GBP/JPY pair rose from 198.713 to 200.076. An uptrend was observed along the 20-period moving average (MA) on the hourly chart.On the 4-hour chart, the trend along the 10-period moving average has continued since the start of this month, and on the daily chart, the market has risen for six consecutive days. The candlesticks have extended up to the +3σ level of the Bollinger Bands.

Today’s schedule includes Japan’s domestic corporate goods price index at 8:50, Australia’s Q2 wage cost index at 10:30, Germany’s wholesale price index and consumer price index, and Japan’s machine tool orders at 15:00; the U.S. MBA mortgage applications index and South Africa’s retail sales at 20:00; and U.S. Federal Reserve Bank of Richmond President Barkin’s remarks at 21:00.Richmond Fed President remarks, at 11:30 PM: U.S. weekly crude oil inventories, at 2:00 AM: U.S. Goolsbee: Chicago Fed President remarks, and at 2:30 AM: U.S. Bostic: Atlanta Fed President remarks. We want to assess the upside potential for the pound, which has risen against the yen following an improvement in the UK unemployment rate.

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