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 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 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 PMIs at 6:00 p.m., the UK’s services and manufacturing PMIs at 6:30 p.m.,at 7:00 PM, the Eurozone Producer Price Index and Consumer Price Index; at 9:00 PM, the U.S. MBA Mortgage Applications Index; at 10:15 PM, the U.S. ADP Employment Report; at 11:45 PM, the U.S. PMI Purchasing Managers' Index; at 12:00 AM, the 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 Canadian dollar/yen, which has been on the rise, will continue to hit new highs.