CADJPY chart by TradingView

CAD/JPY

The cross between the Canadian Dollar and the Japanese Yen is seen as a strong substitute for the USD/JPY pair when a trader is wary of trading the US Dollar. However, CAD/JPY is historically more sensitive to changes in market-wide sentiment than USD/JPY due to the historically higher yield attached to the Canadian Dollar. Further, the 'Loonie' - as the Canadian Dollar is known - is affected by oil prices because of Canada's energy exports.


News


Canadian Dollar Remains Weak Thanks to Oil Decline, Data Generally Soft

USD/CAD has neared the top of a six-month range, and beyond the usual relationship the Canadian Dollar maintains will oil, it is now at the mercy of US trade negotiations under the Trump administration.
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US Dollar Turns to Yellen to Put Icing on March Hike


Loonie Falls As BOC Leaves Benchmark Rate Unchanged


DXY Index Clears February Highs as March Hike Odds Surge


Stacked US Economic Calendar, Trump ’SOTU’ has DXY on Edge


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Analyst Picks

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in EURAUD, GBPUSD, AUDJPY & CADJPY
Expertise: Near-term Technicals
Average Time Frame of Trades: 1-2 Days


Pivot Points

Forex Economic Calendar

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