CAD/JPY Sells Off Under Weight of US Intervention

The Canadian Dollar (CAD) has seen its pair against the Japanese Yen (JPY), CAD/JPY, decline modestly in recent trading sessions. Currently priced at ¥111.08, it remains below key moving averages.

U.S. authorities have executed a large-scale yen intervention for the first time in decades, temporarily increasing official demand and affecting market liquidity.

This move has introduced fresh demand surge, further solidifying seller pressure on CAD/JPY across all timeframes.