President Trump announced a one-month delay on car tariffs for Canada, which helped CAD/JPY rise to 104.27 yen. He also said his phone call with Prime Minister Trudeau was somewhat friendly, bringing some relief to the market.
However, negotiations will continue, and Trump may increase pressure again. Because of this, the rise in CAD/JPY may be limited.
Expected CAD/JPY Price Range: 104.50 – 102.60
Note: The above information does not guarantee profits. Please make your own decisions when trading.