Tradeciety
Short

CAD/JPY - only one direction

FX:CADJPY   Canadian Dollar/Japanese Yen
59 0 1
Well, the CADJPY             has been the best mover for us. Check out our latest published ideas and all our short target have been hit. However, it is hard to come up with reasons why this pair shouldn't keep falling.

With the continuous sell-off in China and the safe-haven flows into the Yen, and the plunging oil             prices that drag down the CAD, it's hard to imagine buyers stepping in.

The best predictor for this currency pair is the Asian markets. Throughout last week, whenever the Shanghai closed lower, it lead to further Yen buying. Whenever Oil             went lower, it lead to CAD selling. You can't trade this pair without watching both those markets,

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out