Will the Canadian dollar, which has fallen against the yen, continue to slide? Market participants will be watching price movements during U.S. trading hours.
11.02.2026
- U.S. MBA Mortgage Applications Index
- U.S. 10-Year Treasury Auction
In the U.S. currency market yesterday, the Canadian dollar fell against the yen. The CAD/JPY pair dropped from 115.205 to 113.834. It fell from the +2σ to the -2σ levels on 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 climbed from 0.8686 to 0.8721. It has moved from below the 20-day moving average (MA) to above it. On the 4-hour chart, the pair has completed a retest of the 200-day simple moving average (SMA), and on the daily chart, it has broken above the 75-day MA resistance line with a real body candle. Furthermore, during today’s Asian trading session, the pair has found support at lower levels, and an upward price movement is now being observed.
Today’s economic indicators include the U.S. MBA Mortgage Applications Index at 9:00 PM, Canadian Housing Starts and U.S. Nonfarm Payrolls at 10:30 PM, and at midnight, remarks by U.S. Federal Reserve Bank of Kansas City President Schmidt:Kansas City Fed President’s remarks at 24:00, remarks by U.S. Fed Vice Chair Bowman at 24:15, U.S. weekly crude oil inventories at 24:30, U.S. 10-year Treasury auction at 27:00, U.S. budget balance at 28:00, and remarks by U.S. Cleveland Fed President Hammack at 6:00 the following day.We will closely monitor 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
