Will the Canadian dollar/yen pair continue to hit new highs? Keep a close eye on price movements during U.S. trading hours.

Will the Canadian dollar/yen pair continue to hit new highs? Keep a close eye on price movements during U.S. trading hours.

04.02.2026

In U.S. currency trading yesterday, the Canadian dollar rose against the yen. The CAD/JPY pair rose from 113.606 to 114.245, climbing while finding support at the 10-period moving average on the hourly chart.On the 4-hour chart, the price has risen to the +3σ level of the Bollinger Bands, and on the daily chart, the RSI has moved from 52 to 58. Furthermore, the Canadian dollar is seen rising further during today’s Asian trading session.

Among European currencies, the pound rebounded against the U.S. dollar. The GBP/USD pair rose from 1.3649 to 1.3706. It moved from below the 20-period moving average (MA) on the hourly chart to above it.On the 4-hour chart, the pair is currently attempting to break above the 20-period moving average, which is acting as resistance, while on the daily chart, it has found support at the 10-period moving average and appears to be returning to an uptrend.

Today’s economic indicators include New Zealand’s employment report at 6:45, Germany’s non-manufacturing PMI at 17:55, the Eurozone’s services and manufacturing PMIs at 18:00, the UK’s services and manufacturing PMIs at 18:30, the Eurozone’s producer price index and consumer price index at 19:00,at 21:00, the U.S. MBA Mortgage Applications Index; at 22:15, U.S. ADP Employment Report; at 23:45, U.S. PMI; at 24:00, U.S. ISM Non-Manufacturing Index; and at 24:30, U.S. Weekly Crude Oil Inventories.We will be closely monitoring price movements during U.S. trading hours to see if the CAD/JPY pair, which has been on an upward trend, will continue to hit new highs.