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GBby u/gold_bug_omar·1hDiscussion

Watching CAD/JPY post-BoC, anticipating further JPY weakness

The BoC meeting didn't surprise much, but the general market sentiment still feels like it's leaning towards sustained rate differentials against the JPY. With $MXNJPY currently up +0.24% at 9.25538, and seemingly wanting to push past the day's high of 9.26269, it makes me think about how much more room there is for carry trades to run, especially with the Fed still tight and other central banks not backing down easily. This makes me curious about how long the current setup can hold.

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