Double Whammy For CAD/JPY

(Click on image to enlarge)

Source: Tradingview, FOREX.com

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. 

1 2
View single page >> |
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.