All eyes are on whether the Canadian dollar, which has fallen against the yen, will continue to slide further
31.03.2026
- U.S. S&P/Case-Shiller Home Price Index
- Japan/Tokyo Consumer Price Index
In the U.S. currency market yesterday, the Canadian dollar fell against the yen. The CAD/JPY pair fell from 115.454 to 114.403. A band walk was observed along the -2σ line of the hourly Bollinger Bands.On the 4-hour chart, the price broke below the 200 SMA with a real-body candle, and on the daily chart, the uptrend that had been continuing since the end of last month has paused, with the price falling below the 20 MA. On the other hand, on the weekly chart, the uptrend continues above the 20 MA.
Among European currencies, the euro rose against the pound. The EUR/GBP pair rose from 0.8661 to 0.8698, forming an uptrend along the 20-period moving average (MA) on the hourly chart.On the 4-hour chart, the price broke above the 200-period simple moving average (SMA) resistance line with a real-body candle, and on the daily chart, it surged to just below the 200-period SMA. The RSI has risen from 45 to 56.
Today’s economic indicators include the Japan Tokyo Consumer Price Index and Japan Employment Statistics at 8:30, Japan Industrial Production, Japan Retail Sales, and Japan Department Store/supermarket sales; at 9:00, the ANZ Business Confidence Index; at 14:00, Japan’s housing starts; at 15:00, the UK’s Nationwide house prices and UK real GDP; at 16:55, Germany’sEmployment Statistics; at 18:00, Eurozone Consumer Price Index; at 21:00, South Africa Trade Balance; at 21:30, Canada Real GDP; at 22:00, U.S. Housing Price Index and U.S. S&P/Case-Shiller Home Price Index;at 10:45 PM: U.S. Chicago Purchasing Managers’ Index; at 11:00 PM: U.S. Conference Board Consumer Confidence Index and U.S. JOLTS Job Openings; and at 1:00 AM: Remarks by U.S. Chicago Fed President Goolsbee.We will be watching to see if the Canadian dollar, which has fallen against the yen, will continue to test lower levels.
Author: Keisuke Sakurai
