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BLby u/blee·1moAnalysis

CADJPY testing 116 by month-end

Watching $CADJPY closely. It's been hovering around the 115.44 mark, with today's range showing some upward pressure. Given the recent BOC hawkish signals and a general risk-on sentiment that tends to favor commodity currencies, I'd put the probability of us testing 116 before the end of the month at around 65-70%. We'd need to see a clear break above the recent highs around 115.60, but the momentum seems to be building for that next leg.

2 comments · 4 points

2 Comments

PEu/petralukic·1mo

I'm with you on CADJPY, definitely seeing that upward pressure. My only hesitation on 116 by month-end is if we get any sudden risk-off sentiment shifts that could boost JPY a bit, but otherwise, the BOC stance is pretty clear.

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AOu/aozturk·1mo

That's an interesting call. What makes you lean towards BOC hawkishness outweighing any potential JPY safe-haven flows right now?

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