Will the employment report bring any changes? Keep an eye on the strength or weakness of the Canadian dollar.

Will the employment report bring any changes? Keep an eye on the strength or weakness of the Canadian dollar.

09.01.2026

In yesterday's U.S. currency trading, the Canadian dollar traded in a narrow range against the yen ahead of today's employment report. The CAD/JPY pair fluctuated between 112.747 and 113.381. On the hourly chart, the price moved from the -2σ to the +2σ Bollinger Band.On the 4-hour chart, prices are trending upward while finding support at the 200-day SMA, and on the daily chart, the pair is currently attempting to recover the 20-day MA, which it had previously broken below.

Among European currencies, the pound fell against the yen. The GBP/JPY pair dropped from 211.154 to 210.295. The price declined as the 200-period simple moving average (SMA) on the hourly chart acted as resistance. On the 4-hour chart, the price has fallen to the 75-period SMA, while on the daily chart, the 10-period SMA is acting as support, causing the price to reverse. During today’s Asian trading session, the price surpassed yesterday’s high, rising to the mid-211 yen level.

Today’s schedule includes: Japan’s Household Expenditure Survey at 8:30, Japan’s Economic Sentiment Index at 14:00, Germany’s Industrial Production and Trade Balance at 16:00, France’s Industrial Production, Manufacturing Production Index, and Consumer Spending at 16:45, Switzerland’s Unemployment Rate at 17:00, and Eurozone Retail Sales at 19:00,at 10:30 PM, US Housing Starts and Canadian Employment Statistics, followed by US Employment Statistics; at 12:00 AM, the US University of Michigan Consumer Sentiment Index and remarks by Kashkari, President of the Federal Reserve Bank of Minneapolis; and at 3:35 AM, remarks by Barkin, President of the Federal Reserve Bank of Richmond. I will be watching for any changes in the Canadian dollar’s strength or weakness following the release of the employment statistics.