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Thoughts on CADJPY and Oil's influence
Watching CADJPY at 115.93 this morning, it feels like we're caught in a bit of a crosscurrent. While oil has shown some resilience, the general sentiment for CAD seems muted, suggesting the market might be more focused on other drivers than just energy prices right now. I'm keeping it on the watchlist, but the conviction isn't quite there for a directional play without clearer macro signals.
1 comments · 1 points
Agree, the CAD has been surprisingly range-bound despite oil's recent moves. Wonder if broader USD strength is playing a larger role here, or if the market is just digesting recent rate hikes.