Double Whammy For CAD/JPY

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Source: Tradingview,

If there continues to be more verified cases of the coronavirus the Yen may continue to strengthen. In addition, on Friday Canadian Retail Sales for November will be released.Expectations for the headline number are 0.4% vs -1.2% last.If the Canadian data is worse than expected, the Canadian Dollar may continue to weaken. This could be a dangerous combination for the CAD/JPY. 

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