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.


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Analyst Picks

Jeremy Wagner, CEWA-M   

Head Forex Trading Instructor

My Picks: Take Profit on Long CAD/JPY
Expertise: Elliott Wave, Technical Analysis
Average Time Frame of Trades: 2 days - 2 weeks


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