Market participants are likely to closely monitor the upside potential of the euro, which has risen against the U.S. dollar

Market participants are likely to closely monitor the upside potential of the euro, which has risen against the U.S. dollar

09.02.2026

Last weekend, the Canadian dollar rose against the yen following the release of Canada’s January employment report on the 6th, which showed the unemployment rate falling by 0.3 percentage points from the previous month’s 6.8% to 6.5%. The CAD/JPY pair rose from 114.123 to 115.190. On the hourly chart, the price moved from below the 20-period moving average (MA) to above it.On the 4-hour chart, the uptrend along the 20-period moving average continues, and on the daily chart, the price has reached a new high for the month. The price has surged to the +2σ level of the Bollinger Bands.

European currencies rose against the U.S. dollar, even though Germany’s December industrial production, released on the 6th, deteriorated year-on-year from 0.8% in the previous month to -0.6%.The EUR/USD pair rose from 1.1765 to 1.1826. Prices turned upward while finding support at the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the 200-period simple moving average (SMA) is acting as a support line, forming a double bottom. On the daily chart, the pair is searching for direction just below the 20-period MA.

Today’s economic indicators include Japan’s Monthly Labor Survey at 8:30, Japan’s Balance of Payments at 8:50,at 2:00 PM: Japan’s Economic Watchers Survey; at 1:00 AM: Remarks by Nagel, President of the German Bundesbank, and Lagarde, President of the ECB; at 2:30 AM: Remarks by Waller, Member of the Federal Reserve Board; at 3:30 AM: Remarks by Mann, Member of the Bank of England’s Monetary Policy Committee; and at 4:15 AM: Remarks by Bostic, President of the Atlanta Federal Reserve Bank.We will closely monitor the upside potential of the euro, which has risen against the U.S. dollar.

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