Themes from last week continue. Yen is the strongest, followed by the U.S. dollar. AUD/JPY broke to new lows and NZD/JPY is likely to follow soon. CAD/JPY and CHF/JPY already did it last with EUR/JPY not far behind. GBP/JPY is the only one standing with a decent buffer or does it have some catch-up to do?
Community Blog
Retail sales report sends USD/CAD higher
Weaker than expected retail sales report led to a 40-pip jump in USD/CAD yesterday. The pair held onto gains and is following through today. 1.2665 - 1.2825 range still in play. It's been a catch-up week for WTI oil with BRENT taking a bit of a breather it seems.