CADJPY

(Last Updated April 15, 2021)

Hello! This is the news page for CADJPY. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for CADJPY

metric_name reference_period asset_name asset_id date time forecast outcome
Japan BoJ Gov Kuroda Speech NA Japanese Yen JPY 2021-04-15 01:00 GMT
Canada Manufacturing Sales MoM Feb 2021 Canadian Dollar CAD 2021-04-15 12:30 GMT -1% -1.6%
Japan Reuters Tankan Index Apr 2021 Japanese Yen JPY 2021-04-15 23:00 GMT
Canada Housing Starts Mar 2021 Canadian Dollar CAD 2021-04-16 12:15 GMT 250K
Japan Exports YoY Mar 2021 Japanese Yen JPY 2021-04-18 23:50 GMT

The Trend

If we observe the 90 and 30 day timeframes, we see an uptrend in place for CADJPY.

CADJPY Moving Averages

The moving averages on CADJPY summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bullish, suggesting the trend is generally upward, aside from a fall about 3 weeks prior.

The chart below illustrates.

As for assets in the Forex asset class CADJPY has been correlated to over the past week, it has been most correlated with EURCAD. Over the past 14 days, however, the asset showing the strongest correlation to CADJPY is CADCHF. Alternatively, EURTRY has been the asset least correlated with CADJPY — but if we observe the prior two weeks, the asset least correlated with CADJPY has been EURJPY. The chart below illustrates CADJPY against its least correlated assets.

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The View From the Weekly Timeframe

Currently, CADJPY’s rate is down -4950 pips (-0.57%) from the week prior. CADJPY has seen its price go down 4 out of the past 5 weeks, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. CADJPY’s weekly price action over the past 52 weeks can be seen via the chart below.

CADJPY: The Monthly View

Monthly view favors rangebound strategies. No clear trend on the 24, 60 and 120 month timeframes.

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