Will the Canadian dollar/yen pair continue to hit new highs? Market participants will be closely watching price movements during U.S. trading hours.

Will the Canadian dollar/yen pair continue to hit new highs? Market participants will be closely watching price movements during U.S. trading hours.

04.02.2026

In yesterday’s U.S. currency trading, the Canadian dollar rose against the yen. The CAD/JPY pair climbed from 113.606 to 114.245. It rose 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. On the hourly chart, the price has moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the pair is currently attempting to break above the 20-period MA, which is acting as resistance, while on the daily chart, it has found support at the 10-period MA and appears to be returning to an uptrend.

Today’s key economic indicators include New Zealand’s employment report at 6:45 a.m., Germany’s non-manufacturing PMI at 5:55 p.m., the Eurozone’s services and manufacturing PMI at 6:00 p.m., the UK’s services and manufacturing PMI at 6:30 p.m.,at 7:00 PM: Eurozone Producer Price Index and Eurozone Consumer Price Index; at 9:00 PM: U.S. MBA Mortgage Applications; at 10:15 PM: U.S. ADP Employment Report; at 11:45 PM: U.S. PMI Purchasing Managers' Index; at 12:00 AM: U.S. ISM Non-Manufacturing Index; and at 12:30 AM: U.S. Weekly Crude Oil Inventories.We will be closely monitoring price movements during U.S. trading hours to see if the CAD/JPY, which has been on an upward trend, will continue to hit new highs.

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