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Thomson Reuters
Mar 05 - 11:00 AM
USD/JPY: Room For A Temp Push Above 112; USD/CAD: Looking To Fade Topside Into 1.34 - TD
First appeared on eFXplus on Mar 05 - 08:52 AM

TD Research discusses its tactical views on USD/JPY and USD/CAD in the near-term.

"USDJPY remains a price taker to global risk appetite. Our GMRI continues to inch closer to neutral, leaving a room for a temporary technical push above 112," TD notes.

"For USDCAD, it remains sandwiched between two important technical levels that leaves the BoC as the tie breaker. We could see a temporary break of 1.34 but we would fade any topside," TD adds. 

Source:
TD Bank Research/Market Commentary

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