The Canadian Dollar continues to strengthen against the Japanese Yen as the Bank of Canada continues to aggressively raise Interest rates to fight off high inflation.
Japan's domestic inflation is in stark contrast as Japan continues to struggle to hit the Bank of Japan's 2.00% target.
I show the historical difference in interest rates on 10Year Government bonds having a big impact on the CAD/JPY exchange rate.
Oil accounts for nearly 20% of Canada's exports and commodities make up a large proportion of export income. With commodities prices rallying around the world, the Canadian dollar continues to strengthen as more money comes flooding into the country, increasing the demand for the currency in exchange rates.
#Forex #Currencies #Investing #CanadianDollar #CAD/JPY #Interestrates #InterestRateDifferentials
Japan's domestic inflation is in stark contrast as Japan continues to struggle to hit the Bank of Japan's 2.00% target.
I show the historical difference in interest rates on 10Year Government bonds having a big impact on the CAD/JPY exchange rate.
Oil accounts for nearly 20% of Canada's exports and commodities make up a large proportion of export income. With commodities prices rallying around the world, the Canadian dollar continues to strengthen as more money comes flooding into the country, increasing the demand for the currency in exchange rates.
#Forex #Currencies #Investing #CanadianDollar #CAD/JPY #Interestrates #InterestRateDifferentials
Kayan Kalipha
