{"id":18481,"date":"2023-05-10T03:01:32","date_gmt":"2023-05-10T03:01:32","guid":{"rendered":"https:\/\/www.investorsradar.com\/fx-play-of-the-day-short-term-reversal-for-cad-jpy\/"},"modified":"2023-05-10T03:01:32","modified_gmt":"2023-05-10T03:01:32","slug":"fx-play-of-the-day-short-term-reversal-for-cad-jpy","status":"publish","type":"post","link":"http:\/\/www.investorsradar.com\/fx-play-of-the-day-short-term-reversal-for-cad-jpy\/","title":{"rendered":"FX Play of the Day: Short-Term Reversal for CAD\/JPY?"},"content":{"rendered":"
Yen is kicking the pip bat today!<\/p>\n
Forex price action was relatively quiet in the last trading session as traders waited. Closely monitor reports such as US CPI and BOE policy decisions<\/strong>.<\/p>\n However, the Canadian dollar suffered a slight loss as crude oil, one of Canada’s biggest exports, fell after disappointing trade data from China sparked concerns over a global economic recovery.<\/p>\n Meanwhile, the Japanese yen is gaining after Bank of Japan Governor Ueda announced plans to scrap the central bank’s Yield Curve Control (YCC) program once member countries see signs of reaching their sustained inflation targets. .<\/p>\n