CAD/JPY Technical: Another Falling Domino Yen Cross Rattled by Trump’s Tariffs Threat

The minutes from the January 30-31, 2024 Federal Open Market Committee (FOMC) highlight that the Fed has not declared victory in its fight against inflation, and that curtailing price pressures remains the current focus for the Fed. On the current economic backdrop, Committee members noted that “recent indicators suggested that economic activity had been expanding […]

ECB announces rate decision on Thursday at 13:15 GMT Policymakers to avoid rate cut signals as inflation risks linger in the background New economic projections might reflect potential changes in the ECB’s thinking Don’t expect rate cut signals Hawkish views by central bankers and positive economic data have led investors to reconsider their expectations of aggressive rate cuts. […]

The Canadian dollar is showing limited movement on Wednesday. In the European session, USD/CAD is trading at 1.3555 at the time of writing, down 0.08%. BoC expected to cut for third consecutive time All eyes are on the Bank of Canada, which will announce its rate decision later today. The BoC is expected to lower […]