While Canada's unemployment rate remained unchanged, attention is turning to the downside potential of the Canadian dollar, which has fallen against the yen

While Canada's unemployment rate remained unchanged, attention is turning to the downside potential of the Canadian dollar, which has fallen against the yen

13.10.2025

Last weekend, the Canadian dollar fell against the yen following the release of Canada’s September employment statistics on the 10th, even though the unemployment rate remained unchanged from the previous month at 7.1%. The CAD/JPY pair fell from 109.282 to 107.934.A downtrend has emerged along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the price has broken significantly below the 20-MA, which had been acting as support, and on the daily chart, there has been a sharp pullback following a touch of the +3σ line on the Bollinger Bands.

Among European currencies, the Swiss franc rose against the U.S. dollar.The USD/CHF pair fell from 0.8067 to 0.7994. On the hourly chart, the price has moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, the RSI has plummeted from 73 to 44, and on the daily chart, a sharp pullback is observed from the line that surpassed last month’s high. Meanwhile, on the weekly chart, the 20-period MA is acting as a resistance level, and the candlesticks are reversing.

Today’s economic calendar includes remarks by Green, a member of the UK’s Monetary Policy Committee (MPC), at 8:05 p.m., remarks by Paulson, President of the Federal Reserve Bank of Philadelphia, at 1:55 a.m., and remarks by Mann, a member of the UK’s MPC, at 4:10 a.m. No other major economic indicators are scheduled.Additionally, the Japanese and U.S. markets are closed today for holidays. With the Canadian unemployment rate unchanged, we should keep an eye on the downside potential of the Canadian dollar against the yen.