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 developed along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the price broke significantly below the 20-MA, which had been acting as support, and on the daily chart, the price saw a sharp pullback after touching the +3σ line of 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 had 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 scheduled events include 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 events are scheduled.Additionally, both the Japanese and U.S. markets are closed today for holidays. We will be watching for further downside potential in the Canadian dollar against the yen, despite the Canadian unemployment rate remaining unchanged.

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