All eyes are on whether the Canadian dollar, which has fallen against the yen, will continue to slide lower

All eyes are on whether the Canadian dollar, which has fallen against the yen, will continue to slide lower

31.03.2026

In the U.S. currency market yesterday, the Canadian dollar fell against the yen. The CAD/JPY pair dropped from 115.454 to 114.403. A band walk along the -2σ line of the hourly Bollinger Bands was observed.On the 4-hour chart, the price has broken 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, breaking 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 climbed 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 bullish 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 Japan’s Tokyo Consumer Price Index and employment statistics at 8:30 a.m., followed by Japan’s industrial production, retail sales, and department store/Supermarket Sales; at 9:00 AM, ANZ Business Confidence; at 2:00 PM, Japan Housing Starts; at 3:00 PM, UK Nationwide House Prices and UK Real GDP; at 4:55 PM, Germany Employment Statistics; at 6:00 PM, Eurozone Consumer Price Index; at 9:00 PM, South Africa Trade Balance;21:30: Canada Real GDP, 22:00: US Housing Price Index, US S&P/Case-Shiller Home Price Index, 22:45: US Chicago PMI, 23:00: US Conference Board Consumer Confidence Index, US JOLTS Job Openings, 25:00: Remarks by US 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.

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