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CADJPY finding a floor after BoC remarks?
Watching $CADJPY a bit more closely after those slightly more hawkish undertones from the BoC yesterday. It seems to have found some support around the 115.343 mark today, pushing back up to 115.58. I'm curious if this sticks, given the broader sentiment shifts we're seeing across majors and if we see a sustained push past 115.63. Could be an interesting setup if we get a clearer breakout confirmation in the next few sessions, though the daily range has been a bit tighter than usual.
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I'm watching that level closely too. While the BoC's tone was firmer, the broader CAD outlook still seems sensitive to oil price movements and global growth concerns. Will be interesting to see if this bounce has legs beyond a technical reaction.