Is the USD/CAD the Next USD/JPY? Here’s What I Think

Hey traders, let’s dive into the USD/CAD and why it could be the next big mover like USD/JPY was. I’m currently long on USD/CAD because there are several strong indicators pointing to a potential surge. Let’s break it down.

Canada just released negative CPI data—core CPI is at -0.3%, and overall CPI dropped by 0.4% month-over-month. While inflation is cooling, this gives the Bank of Canada room to adopt a more dovish stance, likely leading to capital outflows from Canada and strengthening the USD.

Adding to this is the upcoming 25% tariff between the U.S. and Canada, effective February 1, 2025. The U.S. is Canada’s largest trading partner, accounting for $430 billion in exports in 2023—roughly 40-50% of Canada’s revenue. Losing such a major partner or facing reduced trade would devastate the Canadian economy, restricting growth and weakening the CAD.

Meanwhile, New Zealand’s CPI came in higher than expected at 2.2%, with dairy trade prices rebounding by 100%. This presents interesting opportunities for NZD traders as well.

The forex markets are buzzing with potential, and I’m preparing to ride the wave of volatility as 2025 kicks off. If you’re ready to learn more, join me tonight for an in-depth webinar from 5–6 PM. I’ll share detailed insights on USD/CAD, NZD, and other key macroeconomic trends.

Don’t miss out—grab the free Telegram link in the description to stay updated. Let’s make the most of these opportunities together!

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