All eyes are on whether the Canadian dollar, which has fallen against the yen, will continue to slide
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 dropped 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 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 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 Japan’s Tokyo Consumer Price Index and employment statistics at 8:30 a.m., Japan’s industrial production and retail sales at 8:50 a.m., and Japan’s 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: US Goolsbee: Remarks by the President of the Chicago Fed.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
