Canadian Dollar Japanese Yen traded at 110.6680 this Monday February 12th, decreasing 0.2697 or 0.24 percent since the previous trading session. Looking back, over the last four weeks, CADJPY lost 1.94 percent. Over the last 12 months, its price rose by 11.42 percent. Looking ahead, we forecast Canadian Dollar Japanese Yen to be priced at 111.2592 by the end of this quarter and at 112.3501 in one year, according to Trading Economics global macro models projections and analysts expectations.
[The Nikkei 225 Index jumped as much as 1.15% before settling 0.09% higher at 36,897 on Friday, scaling its highest levels in 34 years as strong corporate earnings, a weakening yen and a dovish outlook on Bank of Japan monetary policy pushed the markets to new heights. On Thursday, BOJ Deputy Governor Shinichi Uchida said the central bank would not aggressively tighten its monetary policy even if it eventually decides to end negative interest rates. On the corporate front, SoftBank surged 8.7%, rallying for a second day as the investing giant reported its first quarterly profit in more than a year due to a rebound in its startup investments. Arm Holding's 48% surge overnight boosted SoftBank shares as well, as SoftBank still owns roughly 90% of the outstanding stock. The Nikkei 225 Index advanced 2.04% this week, extending year-to-date gains to around 10.3%. Japanese markets will be closed on Monday for a national holiday. ]
[The S&P/TSX Composite index ended 0.4% higher at the 21,009 mark on Friday, recovering from losses in the previous day, tracking the tech rally on Wall Street. Also, investors digested fresh positive labor data, providing optimism in the Canadian economy. In January, nearly 40 thousand jobs were added to the Canadian workforce, recording an almost 20K fall in the number of unemployed individuals. The technology sector led the gains of the session, adding 1.7% on average and in line with its US peers. Conversely, oil benchmarks finished in the red but booked weekly gains amid persistent tensions in the Middle East following Israel’s rejection of the ceasefire proposal by Hamas. On the earnings front, Magna International's report fell short of estimates, resulting in a 6.9% decline in its shares. Telus' results fell short of estimates, announcing a C$0.376 dividend per share on the issued and outstanding shares, resulting in a 2.7% increase. On the Week, the Canadian index gained 0.2%.]