Will the Canadian dollar, which has fallen against the yen, drop further? Market participants are watching price movements during U.S. trading hours.

Will the Canadian dollar, which has fallen against the yen, drop further? Market participants are watching price movements during U.S. trading hours.

11.02.2026

In yesterday’s U.S. currency markets, 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 retest of the 200-day simple moving average (SMA) has been completed, and on the daily chart, the price 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 upward price movement is 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 24:15, 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 U.S. Hammack: Cleveland Fed President’s remarks 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.

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