$CADJPY Larger trend still in tact. Somewhat improvement in data
Fundamentals : In the data prints for CAD, we are seeing minor improvements. No real reason to get dovish on it at least vs Yen.
Oil still in recover mode.
BOJ - "Weaker yen wouldn't be a big negative for the economy."
We don't have any solid reason to be hawkish on Yen yet. QE still going and inflation targets not hit.
On a technical stand point the uptrend is valid. Short term it looks like a sideways consolidation in the white box on the chart.
RISK EVENT - Greece safe haven buying.
Oil still in recover mode.
BOJ - "Weaker yen wouldn't be a big negative for the economy."
We don't have any solid reason to be hawkish on Yen yet. QE still going and inflation targets not hit.
On a technical stand point the uptrend is valid. Short term it looks like a sideways consolidation in the white box on the chart.
RISK EVENT - Greece safe haven buying.