CADJPY Analysis
CADJPY is breaking the horizontal support area
CADJPY Update
CADJPY has re-entered the Box pattern, which leads to the SL price.
Reason: Due to the release of more economic news mentioned below, the market is not making technical movements at this time.
Why CAD is Stronger
BoC Interest Rate Support – Higher Bank of Canada interest rates can increase demand for the Canadian Dollar.
Oil Price Strength Boosts CAD – Strong oil prices support Canada’s export income, helping the CAD gain strength.
Healthy Economy and Trade Balance – Strong economic data, stable inflation, and better exports can support CAD buying.
Why JPY is Weaker
Wide Interest Rate Gap – Japan’s ultra-low interest rates remain far below the US and other major economies, reducing demand for the Yen.
Carry Trade Pressure – Investors borrow cheaply in JPY and invest in higher-yield currencies, putting selling pressure on the Yen.
Weak Yield Appeal – Lower returns from Japanese assets make the Yen less attractive compared to stronger-yielding currencies.
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