CADJPY has given up Monday’s vaccine-related gains after oil prices faded into the weekend. The week began strongly for the Canadian dollar after oil rallied from $37.00 to move above the $40.00 mark. The move higher in the dollar was coupled with a weak Yen as safe-haven demand faded on […]
CADJPY was unchanged for the day after the release of Canadian employment numbers. The numbers showed a lower than expected jobs print and a higher unemployment rate. Traders were looking for a gain of 100k jobs for the Canadian economy after 378k last month but they only got 83.6k. Adding […]
The CADJPY should see volatility this week as both the Bank of Canada and the Bank of Japan deliver their latest interest rate and monetary policy statements. Both central banks are expected to stay on hold at 0.25% and 0.1% respectively but the press releases could give an indication of […]
The CADJPY was weaker this week despite a recent bounce in oil prices and weaker Japanese inflation.
The CADJPY pair fell to test support at 80.00 as the market awaits a rates decision from the Bank of Canada (BoC). Global stocks were also lower on Tuesday and this has seen safe-haven flows to the Japanese Yen.
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