Will the Canadian dollar, which has fallen against the yen, continue to slide? Market participants will be closely watching price movements during U.S. trading hours.
11.02.2026
- U.S. MBA Mortgage Applications Index
- U.S. 10-Year Treasury Auction
In U.S. currency trading the previous day, the Canadian dollar fell against the yen. The CAD/JPY pair fell from 115.205 to 113.834. It dropped from the +2σ to the -2σ levels of the hourly Bollinger Bands.On the 4-hour chart, the price broke below the 200 SMA support line with a real-body candle without retesting it, and on the daily chart, it hit a new low for the month. The RSI has been pushed down from 61 to 46.
Among European currencies, the euro rose against the pound. The EUR/GBP pair rose from 0.8686 to 0.8721. It moved from below the 20-day moving average (MA) to above it.On the 4-hour chart, the retest of the 200-SMA has been completed, and on the daily chart, the price has broken above the 75-MA resistance line with a real-body candle. Furthermore, during today’s Asian trading session, the price has found support at lower levels, and an upward price movement is being observed.
Today’s economic indicators include the U.S. MBA Mortgage Applications Index at 21:00, Canadian Housing Starts and U.S. Nonfarm Payrolls at 22:30, remarks by U.S. Kansas City Fed President Schmidt at 24:00, remarks by U.S. Fed Vice Chair Bowman at 24:15,at 24:30, U.S. weekly crude oil inventories; at 27:00, a U.S. 10-year Treasury auction; at 28:00, the U.S. budget balance; and at 6:00 the following day, remarks by U.S. Federal Reserve President Hammack of the Cleveland Fed.We will be closely monitoring price movements during U.S. trading hours to see if the Canadian dollar, which has fallen against the yen, will extend its decline.
Author: Keisuke Sakurai
