Fundamentals : In the data prints for CAD, we are seeing minor improvements. No real reason to get dovish on it at least vs Yen. Oil still in recover mode.
BOJ - "Weaker yen wouldn't be a big negative for the economy." We don't have any solid reason to be hawkish on Yen yet. QE still going and inflation targets not hit.
On a technical stand point the uptrend is valid. Short term it looks like a sideways consolidation in the white box on the chart.
The result of going long on oversold spikes with a 1 atr stop during this strong trend.