CAD/JPY: CAD softness to return to test 92 eventually - TDS

FXStreet (Guatemala) - Despite Poloz's bullish announcements, Analysts at TD Securities explained that the CAD/JPY had been confined to a narrow range in the early part of this week.

Key Quotes:

"The soft undertone to price action through late last week put a negative spin on the overall technical picture, however, suggesting a strong rejection of retracement resistance in the mid-96 area."

"From here, we expect renewed CAD softness near-term at least and a possible retest of the 92 area."