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

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

09.01.2026

In yesterday’s U.S. currency trading, the Canadian dollar fluctuated against the yen ahead of today’s employment report. The CAD/JPY pair traded 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 with support from the 200-SMA, and on the daily chart, the pair is currently attempting to recover the 20-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. Notably, during today’s Asian trading session, the pair broke through yesterday’s high, rising to the mid-211 yen level.

Today, at 8:30 AM: Japan’s All-Household Household Expenditure Survey; at 2:00 PM: Japan’s Economic Sentiment Index; at 4:00 PM: Germany’s Industrial Production and Trade Balance; at 4:45 PM: France’s Industrial Production, Manufacturing Production Index, and Consumer Spending; at 5:00 PM: Switzerland’s Unemployment Rate; at 7:00 PM: Eurozone Retail Sales;at 10:30 PM: U.S. Housing Starts, Canadian Employment Statistics, U.S. Employment Statistics; at 12:00 AM: U.S. University of Michigan Consumer Sentiment Index, remarks by Kashkari, President of the Minneapolis Fed; and at 3:35 AM: remarks by Barkin, President of the Richmond Fed. I will be watching for any changes in the Canadian dollar’s strength or weakness following the employment statistics.

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