Yen Strength.
USDJPY & CADJPY (M15)
The Japanese Yen is the clear mover in FX this morning, higher against all the other major currencies after the CPI data came in at 2.2%, higher than the expected 2%.
This simply adds to the expectation that the Bank of Japan could hike interest rates in their December meeting.
USDJPY is down about 200 pips today, finding support at 150.000. Sellers could be interested in level 150.500 for further downside.
CADJPY is also down 120 pips today, also finding support at 107.000. Sellers could be interested in level 107.400 for further downside.