Will the Canadian dollar, which has risen against the yen, reach a new high? Caution is advised.

Will the Canadian dollar, which has risen against the yen, reach a new high? Caution is advised.

28.08.2025

In yesterday’s U.S. currency trading, the Canadian dollar was the strongest performer during U.S. trading hours. The CAD/JPY pair rose from 106.343 to 107.001.The pair rose as it found support at the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, it is attempting to break above the 200-period exponential moving average (EMA), and on the daily chart, the 200-period simple moving average (SMA) is acting as a support level, with prices currently trending upward. We will be watching for economic data releases during U.S. trading hours to see if the Canadian dollar’s rally continues.

Among European currencies, the euro saw a seesaw movement against the U.S. dollar. The EUR/USD pair traded between 1.1574 and 1.1646. It showed a recovery from the -3σ level of the hourly Bollinger Bands. On the 4-hour chart, price action is searching for direction near the 20-period moving average (MA), and on the daily chart, prices are stagnating around 1.165, just below the 20-MA, mirroring the 4-hour chart.

Today’s schedule includes Japan’s foreign and domestic securities investment data at 8:50, New Zealand’s ANZ Business Confidence Index at 10:00, remarks by Bank of Japan Board Member Nakagawa at 10:30, Eurozone money supply data at 17:00, the Eurozone Consumer Confidence Index and Business Climate Index at 18:00, South Africa’s Producer Price Index at 18:30,at 8:30 PM: Eurozone ECB Meeting Minutes, at 9:30 PM: US Initial Jobless Claims, Canada Current Account, US Real GDP, US Personal Consumption Expenditures, US GDP Deflator, at 11:00 PM: US Pending Home Sales, and at 12:00 AM: US Kansas City Fed Manufacturing Activity Index.We need to watch for signs of a potential new high for the Canadian dollar, which has been rising against the yen, and remain vigilant regarding its direction.

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