CADJPY Drifted Lower Amid Rate Expectations
The CADJPY pair is showing signs of weakening during the European trading session, despite attempts at recovery. Many traders are cautious as they believe that the Bank of Japan (BoJ) will soon raise interest rates. A narrowing gap between Japanese and U.S. bond yields raises expectations that the U.S. Federal Reserve may start cutting rates, affecting cross currency dynamics.
Investors should monitor the CADJPY pair closely to navigate upcoming trends based on evolving rate decisions.
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