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Aug 13, 2019 1:59 PM

CADJPY rebounded from the oversold area  

Canadian Dollar/Japanese YenFXCM

Description

The loonie rebounded against the haven yen. While the trade war between the US and China weighs on the commodity currency it supports the haven assets. Moreover, the yen got a fresh boost from growing tensions in Hong Kong and surprise election results in Argentina. The BoC is still under pressure since the lower than expected jobs data on Friday. RSI advanced from the oversold area.

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