The U.S. is likely keeping a close eye on price movements at the start of the month while markets are closed

The U.S. is likely keeping a close eye on price movements at the start of the month while markets are closed

01.09.2025

Last weekend, the Canadian dollar rose against the yen. The CAD/JPY pair climbed from 106.751 to 107.116. The 75-period moving average on the hourly chart acted as a support level and turned upward. On the 4-hour chart, the pair is currently attempting to break above the resistance line formed by the 200-period exponential moving average, while on the daily chart, it continues to trade above the 20-period moving average near the RSI 50 level.

European currencies saw the euro rise slightly against the yen after the August Harmonized Index of Consumer Prices (HICP) for the eurozone, released on August 29, showed a year-over-year increase of 2.1%, up from 1.8% the previous month.The euro rose against the dollar from 1.1650 to 1.1708. It rebounded after finding support at the 200-period EMA on the hourly chart. On the 4-hour chart, the price has rebounded after touching the 20-period MA, and the daily chart is showing a similar rebound from the 20-period MA.

Today, New Zealand housing permits are scheduled for 7:45, Japan’s Q2 capital expenditure at 8:50, Australia’s housing permits at 10:30, the UK’s Nationwide house prices at 15:00, and Switzerland’s retail sales at 15:30,at 4:30 PM Swiss Manufacturing PMI, at 4:50 PM French Manufacturing PMI, at 4:55 PM German Manufacturing PMI, at 5:00 PM Eurozone Manufacturing PMI, at 5:30 PM UK Consumer Credit, UK Money Supply, and UK Manufacturing PMI, and at 6:00 PM Eurozone Employment Statistics. Please note that U.S. markets are closed today for a holiday.We will be closely monitoring price movements at the start of the month with U.S. markets closed.