CAD/JPY (Risk Off Opportunity, Oil, Bank Policy Divergence)
CAD should be supported by projections for $100/barrel oil and hawkish outlook.
JPY acts as safe haven so it has be driven up over risk off, but JPY central bank is still dovish and announcing no plans to change in near future.
Ultimately as we begin to (or when) we begin to move to risk again, this is a potential area to look for a long.
JPY acts as safe haven so it has be driven up over risk off, but JPY central bank is still dovish and announcing no plans to change in near future.
Ultimately as we begin to (or when) we begin to move to risk again, this is a potential area to look for a long.