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.