Caution over upside potential for the Canadian dollar, which has risen against the yen

Caution over upside potential for the Canadian dollar, which has risen against the yen

11.11.2025

In yesterday’s U.S. currency trading, the Canadian dollar rose against the yen. The CAD/JPY pair climbed from 109.272 to 110.071, forming an uptrend along the 10-period moving average (MA) on the hourly chart.On the 4-hour chart, a solid rebound has occurred, supported by the 200-period EMA, and on the daily chart, the RSI has risen from 49 to 60. Furthermore, on the weekly chart, the pair is approaching this year’s high of 110.150, so we should watch for further gains in the Canadian dollar during U.S. trading hours.

Among European currencies, the euro fell against the Australian dollar. The EUR/AUD pair dropped from 1.7802 to 1.7672. A downtrend has emerged along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the pair has broken below the 200-period simple moving average (SMA) that had been providing support, and on the daily chart, it is currently moving from above the 20-period MA to below it. However, as the euro has regained strength during today’s Asian trading session, we will be watching closely to see if it can rally.

Today’s economic indicators include the Westpac Consumer Confidence Index (Australia) at 8:30, the Japanese trade balance at 8:50,9:30 AM: Australia’s NAB Business Conditions Survey, 2:00 PM: Japan’s Economic Watchers Survey, 4:00 PM: UK Unemployment Rate, 5:30 PM: Remarks by UK MPC Member Green, 7:00 PM: Germany’s ZEW Economic Sentiment Survey, and 8:00 PM: US NFIB Small Business Optimism Index. We should remain cautious about the upside potential of 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