Will the euro, which has fallen against the yen, rebound? Market participants will be closely watching price movements during European trading hours.

Will the euro, which has fallen against the yen, rebound? Market participants will be closely watching price movements during European trading hours.

29.10.2025

In yesterday’s U.S. currency trading, the Canadian dollar fell against the yen ahead of today’s Bank of Canada policy rate announcement. The CAD/JPY pair dropped from 109.286 to 108.466.The price fell to the 200-period EMA on the hourly chart. On the 4-hour chart, the price has shifted from above the 20-period MA to below it, and on the daily chart, it has dropped to just below the 10-period MA. However, during today’s Asian trading session, the pair has rebounded against the yen, so we should keep an eye on price movements during U.S. trading hours.

European currencies fell against the yen as the German GfK Consumer Confidence Index for November, released yesterday, deteriorated from -22.3 in the previous month to -24.1.The EUR/JPY pair fell from 178.006 to 176.990. A decline along the 20-period moving average (MA) on the hourly chart was observed. On the 4-hour chart, the candlesticks have fallen just below the 75-period MA, and on the daily chart, the RSI is showing a pullback from the 70 level.

Today’s schedule includes: Australia’s Q3 Consumer Price Index at 9:30, remarks by RBNZ Governor Hawkesbee at 12:30, UK Consumer Credit, UK Mortgage Approvals, and UK Mortgage Lending at 18:30, the US MBA Mortgage Applications Index at 20:00, and the Bank of Canada’s policy rate decision and statement at 22:45,at 11:00 PM, US Pending Home Sales; at 11:30 PM, a press conference by BOC Governor McClem and US Weekly Crude Oil Inventories; at 3:00 AM, the US FOMC policy rate decision and statement; and at 3:30 AM, a press conference by Fed Chair Powell. We will be closely monitoring price movements during European trading hours to see if the euro, which has fallen against the yen, will rebound.

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