CADJPYとカナダ銀行の最近のハト派的なヒント – 何を見落としているのか？

CADJPY is a cross. You're looking at CAD strength, but what about JPY weakness? BoJ is still committed to loose policy, which is propping up the cross despite BoC's recent tone.

Perhaps the market is just enjoying the view from this altitude before deciding if it actually needs to come down, dovish hints or not. Sometimes even a strong whiff of future rate cuts isn't enough to make a currency buckle immediately.