The general risk-off tone across financial markets has been weighing on the Canadian Dollar in recent days. USD/CAD rates are pushing towards their yearly highs, while CAD/JPY rates are at their lowest level since September 5.
CAD/JPY Rate Technical Analysis: Daily Chart
CAD/JPY rates pushed through resistance around 107.50 at the start of September, establishing a fresh yearly high at 110.52 yesterday before turning lower. The pullback has minimal thus far, with the pair sliding back to levels seen on September 5. Momentum is staring to erode, with CAD/JPY rates below their daily 5- and 8-EMAs but still above their daily 13- and 21-EMAs, while the EMA envelope remains in bullish sequential order.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CAD: Forecasts revised higher to 1.30 by end-2022 and 1.25 by end-2023 – ScotiabankEconomists at Scotiabank are making some further changes to their CAD forecast. The USD/CAD pair is now expected to trade at 1.30 by the end of the ye
Read more »
USD/CAD struggles below 1.3000, hangs near two-week low ahead of US CPIThe USD/CAD pair struggles to capitalize on its modest uptick on Tuesday and attracts fresh selling in the vicinity of the 1.3000 psychological mark.
Read more »
USD/CAD Price Analysis: Surges on higher US inflation report, traders eye 1.3200USD/CAD Price Analysis: Surges on higher US inflation report, traders eye 1.3200 – by christianborjon USDCAD Majors Currencies Technical Analysis
Read more »
USD/CAD seesaws below 1.3200 as US inflation-led blow jostles with sluggish oilUSD/CAD remains mildly bid around 1.3175, after rising the most in 13 months, as softer oil prices join sluggish market sentiment during early Wednesd
Read more »
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPYThe US Dollar is putting in a massive move today after another elevated CPI release. DXY is currently showing a bullish engulf and markets are starting to look at a possible 100 bp move at next week's FOMC.
Read more »
USD/CAD retreats from one-week high amid weaker USD, downside seems cushionedThe USD/CAD pair struggles to capitalize on its intraday positive move to a one-week high set earlier this Wednesday and retreats to the 1.3160-1.3165
Read more »