CAD/JPY Stuck Below ¥111.51 Resistance as Downside Risk Persists
The Canadian Dollar vs Yen (CAD/JPY) pair is experiencing subdued activity and limited intraday volatility, trading at ¥111.16 late in the session.
The pair remains below its key moving averages across all timeframes, indicating firm downward pressure over the short, medium, and long term.
Momentum and oscillators indicate a strong sell setup, with oversold conditions and seller dominance in intraday action.