CADJPY chart

CADJPY chart by TradingView


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.


Tactically Bearish CAD/JPY on Dovish BoC, Unstable Risk Environment

The Canadian Dollar continues to be on the defensive after the Bank of Canada’s chief told the market they’d be cautious going forward at the same time, a scandal in Japan could undo Abenomics future and strengthen the JPY.
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Analyst Picks

Tyler Yell, CMT

Tyler Yell, CMT Forex Trading Instructor

My Picks: Bearish CAD/JPY On Momentum and Fundamental Divergence
Expertise: Technical Analysis, Intermarket Analysis
Average Time Frame of Trades: 1-3 Weeks

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