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Candian Dollar / Japanese Yen Range Trade Hits Entry

Thursday, 02 October 2008 22:49:12 GMT | Ilya Spivak, Currency Analyst

Friday, 16 October 2009 16:40:51 GMT EURGBP Short Term Decline Overdone
Thursday, 15 October 2009 22:59:12 GMT USDCAD Rally Just a Correction
Thursday, 15 October 2009 21:11:29 GMT Daily Pivot Points
Thursday, 15 October 2009 07:56:53 GMT EUR/USD Sell Recommendation Issued @1.5035 (Daily Classical)
Wednesday, 14 October 2009 21:09:33 GMT Daily Pivot Points
Wednesday, 14 October 2009 06:46:55 GMT Euro Surge Exposes Psychological Barrier (Daily Classical)
Tuesday, 13 October 2009 21:26:26 GMT EURGBP Rolls Over
Tuesday, 13 October 2009 21:26:23 GMT Daily Pivot Points
Tuesday, 13 October 2009 07:47:43 GMT Euro Double Top Prospects Intact (Daily Classical)
Monday, 12 October 2009 21:00:42 GMT Daily Pivot Points
Monday, 12 October 2009 07:35:23 GMT Euro Carving Double Top (Daily Classical)
Friday, 09 October 2009 01:07:54 GMT Dollar: Something Has to Give
Thursday, 08 October 2009 21:06:02 GMT EURJPY Looks Constructive
Thursday, 08 October 2009 21:01:54 GMT Daily Pivot Points
Thursday, 08 October 2009 06:28:39 GMT Prospects Fade for USD Bulls (Daily Classical)
Wednesday, 07 October 2009 21:47:48 GMT GBPUSD Triangle Pattern Before BoE
Wednesday, 07 October 2009 21:07:26 GMT Daily Pivot Points
Wednesday, 07 October 2009 06:41:58 GMT Euro Stops Narrowly Averted (Daily Classical)
Tuesday, 06 October 2009 06:56:11 GMT USD Convictions Being Tested (Daily Classical)
Monday, 05 October 2009 21:08:32 GMT Daily Pivot Points

Yesterday, we suggested expectations of yield-gap neutrality between the Canadian Dollar and the Japanese Yen will keep the CADJPY pair range bound in the near term. Our long entry point at 97.67 has been hit and we will not look for the pair to oscillate higher towards the target at 102.19. Our stop loss remains at 95.97, though once floating profit equals the initial risk (170 pips) we will move it to break-even.

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