Will the Canadian dollar, which has risen against the yen, continue to climb higher, or should we wait and see which direction it takes?

Will the Canadian dollar, which has risen against the yen, continue to climb higher, or should we wait and see which direction it takes?

22.01.2026

In yesterday’s U.S. currency trading, the Canadian dollar rose against the yen. The CAD/JPY pair climbed from 114.075 to 114.683. It rebounded while finding support at the 75-period moving average on the hourly chart.On the 4-hour chart, the RSI rose from 54 to 71. The price has moved up to the +2σ level of the Bollinger Bands. The daily chart shows a similar price movement to the 4-hour chart, and during today’s Asian trading session, the pair has hit a new year-to-date high near the 115 yen level.

Among European currencies, the Swiss franc was the weakest during U.S. trading hours. The USD/CHF pair rose from 0.7890 to 0.7968. It moved from below the 20-period moving average (MA) on the hourly chart to above it.On the 4-hour chart, the pair rose to just below the 200-period simple moving average (SMA), though it faced resistance at the 200-SMA. On the daily chart, the Relative Strength Index (RSI) rose from 40 to 48. Note that the Swiss franc is showing strength during today’s Asian trading session, so traders should pay close attention to the direction of the market during U.S. trading hours.

Today’s schedule includes Japan’s trade balance at 9:30, Australia’s unemployment rate at 9:30, the UK’s CBI Retail Trade Survey at 20:00, the TCMB policy rate and statement release in Turkey, the publication of the ECB Governing Council minutes at 21:30, U.S. initial jobless claims at 22:30, U.S. third-quarter GDP, U.S. personal consumption,at 12:00 AM: US PCE Deflator; at 12:30 AM: US Weekly Natural Gas Inventories; at 1:00 AM: US Kansas City Fed Manufacturing Activity Index; and at 2:00 AM: US Weekly Crude Oil Inventories. I’d like to wait and see whether the Canadian dollar, which has risen against the yen, will continue to climb higher.

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