Forex Flash: CAD/JPY outlook bearish sub-79.75 – TD Securities
Forex pairs in this Article » CAD/JPY
FXstreet.com (San Francisco) - CADJPY is now trading around 79.70 in early Asia, and JPY crosses are expected to remain muted ahead of the BOJ policy decision this afternoon. "Having struggled to beat the upper 80 area a handful of time now since August, the risk of a more obvious drop back is rising [for CADJPY]," says TD Securities. "But trend support has been resilient over the past few weeks and we would need to see very obvious and sustained weakness below the 79.75 zone to justify a weaker outlook at the moment."