Watch for upside potential in the Canadian dollar, which has risen against the yen

Watch for upside potential in the Canadian dollar, which has risen against the yen

25.09.2025

In yesterday’s U.S. currency trading, the Canadian dollar rose against the yen. The CAD/JPY pair climbed from 106.567 to 107.201. It surged from the -2σ to the +2σ levels on the hourly Bollinger Bands.On the 4-hour chart, the price has shifted from below the 200-day SMA to above it, while on the daily chart, it is currently fluctuating around the 107 yen level near the RSI 50. Although there was a slight pullback during today’s Asian session, the pair is attempting to rise again, so we should remain cautious of further upside momentum.

European currencies fell, with the euro dropping against the U.S. dollar following the release yesterday of Germany’s September IFO Business Climate Index, which declined to 87.7 from 89.0 the previous month.The EUR/USD pair fell from 1.1818 to 1.1728. On the hourly chart, the price moved from above the 20-period moving average (MA) to below it. The 4-hour chart showed a similar price movement, and on the daily chart, the price plummeted from just below the +2σ line of the Bollinger Bands to just below the 20-period MA.

Today’s schedule includes the release of the BOJ meeting minutes at 8:50, the GfK Consumer Confidence Survey in Germany at 15:00, the French Consumer Confidence Index at 15:45, the SNB policy rate and statement in Switzerland at 16:30, a press conference by SNB Governor Schlegel at 17:00, and at 19:00, the UK’sCBI Retail Trade Survey, at 9:30 PM the US Initial Jobless Claims and US Q2 GDP, at 10:00 PM remarks by US Fed Governor Williams (NY Fed), at 11:00 PM US Existing Home Sales, at 11:30 PM US Weekly Natural Gas Inventories, and at 2:00 AM remarks by US Fed Governor Barr.Keep an eye on the upside potential for the Canadian dollar, which has risen against the yen.

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