All eyes are on whether the Canadian dollar, which has fallen against the yen, will rebound following the jobs report

All eyes are on whether the Canadian dollar, which has fallen against the yen, will rebound following the jobs report

07.11.2025

In yesterday’s U.S. currency trading, the Canadian dollar fell against the yen ahead of today’s employment report. The CAD/JPY pair dropped from 109.273 to 108.197.A downtrend has formed along the 200-period EMA on the hourly chart. On the 4-hour chart, the pair is declining while being capped by the 20-period MA. On the daily chart, the price has broken below the 20-period MA line, which had previously provided support. Meanwhile, on the weekly chart, the pair is currently pulling back from the +3σ level of the Bollinger Bands.

Among European currencies, the euro, which had been falling, rebounded against the U.S. dollar. The EUR/USD pair rose from 1.1485 to 1.1552. It recovered to the 200-day EMA line, moving along the 10-day MA on the hourly chart. On the 4-hour chart, the price has shifted from below the 20-day MA to above it, and on the daily chart, the RSI has risen from 32 to 42. This marks the first rebound in six trading days.On the monthly chart, the pair is currently searching for direction just below the 200-day EMA line.

Today’s key events include remarks by U.S. Federal Reserve Bank of St. Louis President Musalem at 7:30 a.m., Germany’s trade balance and the UK’s Halifax house price index at 4:00 p.m., remarks by U.S. Federal Reserve Bank of New York President Williams at 5:00 p.m., remarks by Swiss National Bank (SNB) Board Member Tüdin at 6:00 p.m., and at 9:00 p.m., Germany’sRemarks by German Bundesbank President Nagel, at 10:30 PM: Canadian Employment Report, at 12:00 AM: U.S. University of Michigan Consumer Sentiment Index, at 12:15 AM: Remarks by UK MPC Member Pill, and at 1:00 AM: U.S. Consumer Credit Balance. We will be watching closely to see if the Canadian dollar, which has fallen against the yen, will rebound following the employment report.

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