Canadian Dollar Slides as Soft CPI and Trump Tariffs Lift USD/CAD
The Canadian dollar fell after soft inflation, fresh US tariff threats and easing Middle East tensions lifted USD/CAD towards the 2025 high.
CADJPY
Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.
USD/JPY Rises Into US CPI, Bearish Patterns Prevail on CAD/JPY, CHF/JPY
JPY crosses diverge as USD/JPY bulls eye 149 ahead of US CPI, while CAD/JPY and CHF/JPY signal potential bearish continuation.
AUD/JPY, CAD/JPY and ASX 200 Technical Setups: Key Levels in Focus
AUD/JPY and CAD/JPY test support levels while ASX 200 eyes a bullish breakout. Key levels and trade setups outlined in this week’s technical review.
US Dollar and Canadian Dollar Under Pressure as Japanese Yen Attracts Flows
USD/JPY and CAD/JPY show signs of weakness as safe-haven flows boost the Japanese yen. Symmetrical triangle and reversal patterns signal key levels.
Canadian Dollar Weekly Forecast: USD/CAD, CAD/JPY, EUR/CAD
The Canadian Dollar remains a focal point in tariff talks, and USD/CAD has a bull pennant formation while CAD/JPY has shown recovery potential and EUR/CAD a pullback following a strong breakout.
CAD/JPY bounces off support
The CAD/JPY has been printing bullish price action ever since the head and shoulders reversal pattern failed towards the end of March and bears were trapped.
CAD drops as BOC drops hawkish bias
As a result of the dovish policy statement, the Canadian dollar slumped.
BOC unlikely to hike but Canadian dollar may rise nonetheless
The Bank of Canada is going to make a decision on whether to follow the US Federal Reserve and hike interest rates by 25 basis points when it concludes its meeting later on today.
Risk-off sentiment prevails
Volatility has not been at these elevated levels for prolonged periods in a while. FX traders will be curious to find out whether the stock market sell-off will gather pace, as this could keep the safe-haven Japanese yen bid, potentially meaning bearish USD/JPY, especially in light of last week’s cautious assessment of the US economy by two Federal Reserve members.
CAD/JPY could stage breakout on hawkish BoC
One interesting yen pair to watch this week could actually be the CAD/JPY, due to the Bank of Canada’s rate decision tomorrow.
Bank of Canada steals the show despite not making rate decision
Although we had three central bank meetings in Europe today, the biggest move in the FX markets was triggered by a speech from the Bank of Canada’s Governor this afternoon which sent the Canadian dollar surging higher.
Bank of Canada rate decision among handful of key events this week
The new week started slowly this morning as government bond selling took a breather. Consequently, stocks bounced back at the open which resulted in further weakness for perceived safe-haven gold and silver.
CAD/JPY in focus ahead of Canadian CPI, amid crude volatility
The Canadian dollar has outperformed in recent weeks. That’s despite ongoing weakness in crude oil, which is Canada’s main export commodity. So, what’s driving the CAD higher? Expectation about tighter monetary conditions in Canada, after the Bank of Canada delivered a strong hint a couple of week about raising interest rates. Those expectations could be revised however in the event crude oil falls furthers and stays weak, or if incoming data deteriorates once again.
The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex, commodity futures, or digital assets, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to FOREX.com or GAIN Capital refer to StoneX Group Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.