$CADJPY is moving hard: -2.15% on the day, now at 111.422.
Day range: 111.352 – 112.676.
Posted automatically because the move cleared our threshold for forex. What's your read?
It looks like the BoJ's recent dovish comments, combined with some softer-than-expected Canadian employment data this morning, are really putting pressure on the pair. I'm watching to see if 111.30 holds.
Could be a bit of a risk-off move coupled with some weaker oil prices putting pressure on the CAD. Anyone seeing any specific news driving the JPY strength?