CAD/JPY correction: Mission complete?

Market chart
Matt Simpson financial analyst
By :  ,  Market Analyst

In today’s video we focus on CAD/JPY. For such a pair to rally we typically want to see two themes; higher oil prices and a risk-on environment. As the US is celebrating Thanksgiving then volatility is expected to be lower and news flow from the US cease. But this could be one to watch as we head into next week as we also identify a longer-term setup, alongside a pivotal level over the near-term.

 

 

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