{"id":104423,"date":"2020-09-09T16:55:59","date_gmt":"2020-09-09T15:55:59","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=104423"},"modified":"2020-09-09T16:55:59","modified_gmt":"2020-09-09T15:55:59","slug":"104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\/","title":{"rendered":"CAD\/JPY To Claw Higher on Steady Bank of Canada"},"content":{"rendered":"<p>Disappointing vaccine news weighed on risk sentiment during the Asian session.<br \/>\nCAD could recoup losses if BoC keeps monetary policy unchanged at its meeting.<br \/>\nCAD\/JPY slipped through pivotal support, \u00a0gearing up for a topside push<br \/>\nS&amp;P 500 futures edged higher in the Asian session before paring gains towards the end as investors grew concerned over news that AstraZeneca had halted covid vaccine trials.<\/p>\n<p>Safe have Japanese Yen and US Dollar advanced further whilst risk sensitive Aussie Dollar decline briefly through the psychologically 0.72 level.<\/p>\n<p>Gold and silver trended lower, US Treasury yields and WTI crude oil also extended losses for a 6<sup>th<\/sup> day.<\/p>\n<p>Looking ahead, BoC monetary policy decision dominates in an otherwise quiet economic calendar. Mexican inflation (August) could drive USD\/MXN<\/p>\n<p>Steady-as-you-go Bank of Canada Could Underpin CAD<br \/>\nWith the data showing that the Canadian economy \u00a0is recovering faster than initially expected, the Bank of Canada is expected to sit tight in wait and see mode. This could support CAD in the short term<\/p>\n<p>August\u2019s Markit manufacturing PMI data revealed the largest expansion in factory activity since August 2018, GDP in the April \u2013 June period also shrank less than the expected 39.6%.<\/p>\n<p>However, with unemployment \u00a0north of 10% and annual inflation rate depressed at 0.1%, the BoC is likely to confirm its commitment to \u201chold the policy interest rate at the effective lower bound until economic slack is absorbed so that the 2% inflation target is sustainably achieved\u201d and could hint towards future modifications to its policy framework.<\/p>\n<p><strong>Canada Inflation Rate<\/strong><\/p>\n<p>The BoC is reviewing its monetary policy framework and shift policy towards average inflation targeting (AIT) could be on the cards to stimulate inflation in the face of significant deflationary pressures.<\/p>\n<p>The review concludes in 2021 and following from recent comments from Deputy Governor Carolyn Wilkins additional monetary stimulus in the near-term seems unlikely.<\/p>\n<p>Therefore CAD could recoup losses versus \u00a0its haven-associated counterparts in the coming days if the BoC keeps its current monetary policy unchanged<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Disappointing vaccine news weighed on risk sentiment during the Asian session. CAD could recoup losses if BoC keeps monetary policy unchanged at its meeting. CAD\/JPY slipped through pivotal support, \u00a0gearing up for a topside push S&amp;P 500 futures edged higher in the Asian session before paring gains towards the end as investors grew concerned over [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":82480,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1694,2675],"tags":[1680,3263,2673],"class_list":{"0":"post-104423","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cad","8":"category-jpy","9":"tag-cad","10":"tag-cad-jpy","11":"tag-jpy"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CAD\/JPY To Claw Higher on Steady Bank of Canada - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"CAD\\\/JPY To Claw Higher on Steady Bank of Canada\",\"datePublished\":\"2020-09-09T15:55:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\\\/\"},\"wordCount\":335,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/usd-cad-exchange-forex.jpg\",\"keywords\":[\"cad\",\"CAD\\\/JPY\",\"JPY\"],\"articleSection\":[\"CAD\",\"JPY\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\\\/\",\"name\":\"CAD\\\/JPY To Claw Higher on Steady Bank of Canada - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/usd-cad-exchange-forex.jpg\",\"datePublished\":\"2020-09-09T15:55:59+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/usd-cad-exchange-forex.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/usd-cad-exchange-forex.jpg\",\"width\":4368,\"height\":2912,\"caption\":\"cad-bank-notes-and-coins - CAD\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CAD\\\/JPY To Claw Higher on Steady Bank of Canada\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CAD\/JPY To Claw Higher on Steady Bank of Canada - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"CAD\/JPY To Claw Higher on Steady Bank of Canada","datePublished":"2020-09-09T15:55:59+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\/"},"wordCount":335,"image":{"@id":"https:\/\/currencylive.com\/news\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/usd-cad-exchange-forex.jpg","keywords":["cad","CAD\/JPY","JPY"],"articleSection":["CAD","JPY"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\/","url":"https:\/\/currencylive.com\/news\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\/","name":"CAD\/JPY To Claw Higher on Steady Bank of Canada - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/usd-cad-exchange-forex.jpg","datePublished":"2020-09-09T15:55:59+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/usd-cad-exchange-forex.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/usd-cad-exchange-forex.jpg","width":4368,"height":2912,"caption":"cad-bank-notes-and-coins - CAD"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/104234-cad-jpy-to-claw-higher-on-steady-bank-of-canada\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"CAD\/JPY To Claw Higher on Steady Bank of Canada"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/usd-cad-exchange-forex.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/104423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=104423"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/104423\/revisions"}],"predecessor-version":[{"id":104424,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/104423\/revisions\/104424"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/82480"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=104423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=104423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=104423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}