Will the Euro/Yen, which has rebounded, hold its gains? Market participants will be closely watching price movements during European trading hours.

Will the Euro/Yen, which has rebounded, hold its gains? Market participants will be closely watching price movements during European trading hours.

18.03.2026

In yesterday’s U.S. currency trading, the Canadian dollar fluctuated against the yen ahead of today’s BOC policy rate announcement. The CAD/JPY pair traded between 115.843 and 116.504. It moved within the range of the 1-hour Bollinger Bands, from -3σ to +2σ.On the 4-hour chart, prices have stopped falling, supported by the 75-day moving average (MA) on the downside, while facing resistance from the 10-day MA on the upside. On the daily chart, the pullback following a touch of the +2σ Bollinger Band has now continued for four trading days.

Despite the fact that the Eurozone’s March ZEW Economic Sentiment Index, released yesterday, fell to -8.5 from 39.4 the previous month, the euro rose against the yen.The EUR/JPY pair rose from 182.819 to 183.545, breaking above the resistance level of the 200-period simple moving average (SMA) on the hourly chart. On the 4-hour chart, prices are also being pushed higher near the upper resistance zone of the 200-period SMA, similar to the hourly chart. On the daily chart, the 75-period moving average is acting as a support level, and the pair is currently rebounding for the second consecutive trading day.

Today’s schedule includes the Australian Westpac Leading Index at 8:30, Japan’s customs-based trade balance at 8:50, South Africa’s Consumer Price Index at 17:00, the Eurozone’s Consumer Price Index at 19:00, the U.S. MBA Mortgage Applications Index at 20:00, the U.S. Producer Price Index and Canadian international securities turnover at 21:30,at 10:45 PM, the Bank of Canada (BOC) policy rate and statement; at 11:00 PM, U.S. durable goods orders and new manufacturing orders; at 11:30 PM, U.S. weekly crude oil inventories and a press conference by BOC Governor Macklem; at 3:00 AM, the FOMC policy rate and statement; and at 3:30 AM, a press conference by Fed Chair Powell.We will be closely monitoring price movements during European trading hours to see if the Euro/Yen, which has rebounded, can maintain its gains.

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