Will the pound, which has risen against the yen, continue its upward trend? Market participants are watching price movements during European trading hours with caution.

Will the pound, which has risen against the yen, continue its upward trend? Market participants are watching price movements during European trading hours with caution.

11.03.2026

In the U.S. currency market yesterday, the Canadian dollar rose against the yen. The CAD/JPY pair climbed from 115.842 to 116.606. On the hourly chart, the price moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the 20-period MA acted as support, causing the price to rebound. On the daily chart, the RSI has reached 70, indicating overbought conditions, and the price is currently extending its gains toward a new year-to-date high.

Among European currencies, the pound continued to rise against the yen. The GBP/JPY pair climbed from 211.579 to 212.401, moving in line with the 20-period moving average on the hourly chart. On the 4-hour chart, the price continues to move along the +2σ line of the Bollinger Bands. On the daily chart, the RSI—which had been in a downtrend—has rebounded from 48 to 60 and is currently in the process of reaching a new high for the month.

Today’s economic indicators include Japan’s Corporate Goods Price Index at 8:50, Germany’s Consumer Price Index at 16:00, remarks by BOE Deputy Governor Breeden at 19:00, the U.S. MBA Mortgage Applications Index at 20:00, the U.S. Consumer Price Index and remarks by Fed Vice Chair Bowman at 21:30, and U.S. weekly crude oil inventories at 23:30.22:00: US 10-Year Treasury Auction; 27:00: US Budget Balance; and 6:45 the following day: NZ Q4 Manufacturing Sales. We will be watching price movements during European trading hours to see if the pound, which has risen against the yen, will continue its upward trend.

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