CAD/JPY presents an interesting opportunity with Japanese Yen weakness and potential Canadian Dollar boost from stabilising crude oil. The Bank of Japan struggles with debt and higher interest rates. Around ¥110.40, a breakout may occur, making it an attractive entry point. Going against the yen in various currency pairs seems favourable. The 50-day EMA provides support. Buy on the dip approach. A breakdown below the 50-day EMA would require reassessment. Market shows upward pressure. To gain valuable insights into potential developments, watch our comprehensive analysis video.
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