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

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

22.01.2026

In U.S. currency trading the previous day, the Canadian dollar rose against the yen. The CAD/JPY pair rose 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 upward 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 hit a new year-to-date high near the 115 yen mark.

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 that level. 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: Japan’s trade balance; at 9:30, Australia’sunemployment rate at 9:30, the UK’s CBI Retail Trade Survey at 20:00, the TCMB policy rate and statement in Turkey, the ECB Governing Council meeting minutes at 21:30, U.S. initial jobless claims, U.S. third-quarter GDP, and U.S. personal consumption at 22:30,at 24:00, the U.S. PCE Deflator; at 24:30, U.S. weekly natural gas inventories; at 25:00, the U.S. Kansas City Fed Manufacturing Activity Index; and at 26:00, U.S. 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.