The cross between the Canadian Dollar and the Japanese Yen is seen as a strong substitute for the USD/JPY pair when a trader is wary of trading the US Dollar. However, CAD/JPY is historically more sensitive to changes in market-wide sentiment than USD/JPY due to the historically higher yield attached to the Canadian Dollar. Further, the 'Loonie' - as the Canadian Dollar is known - is affected by oil prices because of Canada's energy exports.
PIVOT POINTS
P
76.46
S3
75.45
S2
75.96
S1
76.27
R1
76.78
R2
76.97
R3
77.48
Daily Classical Pivot Points. Last Updated: May 11, 2020


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