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SSby u/swing_samirIndia·1moAnalysis

Watching CADJPY with BOC chatter

Seems like the BOC is leaning a bit more dovish lately, which makes me think about CAD crosses. I've been watching $CADJPY in particular. The Yen's generally been weak, but if the CAD starts losing some steam, that could be an interesting dynamic. Not looking for anything massive, but a clear break below 110.00 on CADJPY could signal a re-evaluation of my broader CAD long bias. It's more about protecting profits on existing CAD positions than jumping into new trades right now, but definitely something to keep an eye on.

3 comments · 6 points

3 Comments

CCu/chris_clark·1mo

I'm not sure a slightly dovish tone from the BOC is enough to flip the CAD bias, especially against a perpetually weak JPY. We've seen this setup before; it usually takes a more substantial shift to get real momentum. What are you seeing that suggests a break below 110.00 is likely?

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FAu/fatima98·1mo

Definitely an interesting setup with CADJPY. I'm with you on keeping an eye on the BOC, their tone has been noticeably softer. A break of 110.00 would definitely be a strong signal for a shift in CAD sentiment.

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RPu/rahul.pillai·1mo

The BOC chatter does seem to be taking a softer tone, but the Yen's continued weakness is a significant counter-factor. A clear break below 110.00 on CADJPY would definitely be a technical signal worth noting, but I'd be looking for broader economic data to support a shift in the CAD long bias.

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