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Forex

Canadian Dollar vs Yen Under Pressure Amid Technical Selling Momentum

Guavy AI Editorial Team
Instruments
JPY CAD
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The Canadian Dollar against the Japanese Yen (CAD/JPY) has been trending lower due to technical selling momentum. The pair is currently trading below all major moving averages, maintaining a bearish backdrop.

According to Traders Union, the CAD/JPY price remains under pressure across short-, medium-, and long-term timeframes. Momentum indicators are predominantly negative, with a strong sell bias, although intraday buyers hold a marginal advantage.

The expected price range for the next five days is ¥110.93 to ¥112.05, with a 60% probability of further downside. The bearish bias prevails as moving averages and indicators diverge.

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