CADJPY may enter into bullish phase
In seasonal trends, late November typically supports bullish momentum in the CAD. Commitment of Traders (COT) data indicates an increase in CAD/JPY, with non-commercial flip data favoring CAD's strength. Overall, endogenous factors sentiments currently show greater support for CAD compared to JPY. However, CAD's endogenous factors are declining at a faster rate than JPY's. On the other hand, exogenous factors and leading economic indicators are strengthening CAD/JPY. Specifically, exogenous factors are on the rise, driven by an improvement in the balance of payments for CAD/JPY.
In seasonal trends, late November typically supports bullish momentum in the CAD. Commitment of Traders (COT) data indicates an increase in CAD/JPY, with non-commercial flip data favoring CAD's strength. Overall, endogenous factors sentiments currently show greater support for CAD compared to JPY. However, CAD's endogenous factors are declining at a faster rate than JPY's. On the other hand, exogenous factors and leading economic indicators are strengthening CAD/JPY. Specifically, exogenous factors are on the rise, driven by an improvement in the balance of payments for CAD/JPY.
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