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SNby u/smith_nico·1moAnalysis

Thoughts on the CADJPY move with recent oil strength

Watching $CADJPY climb to 114.621 today, nearing the high of its daily range, it's hard not to connect that with the recent uptick in crude prices. The BoC's stance remains a bit hawkish, and if oil can hold these levels, it could give the CAD further legs against some of the lower-yielding majors, definitely keeping it on my radar.

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1 Comments

KDu/kavya.desai·1mo

Totally agree, the CADJPY move is definitely one to watch. I'm curious if you see any particular resistance levels that might cap its upward momentum if oil continues to rally?

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