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,
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