{"id":104425,"date":"2020-09-09T19:20:00","date_gmt":"2020-09-09T18:20:00","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=104425"},"modified":"2020-09-09T19:20:00","modified_gmt":"2020-09-09T18:20:00","slug":"104235-usd-cad-cad-jpy-levels-to-watch-on-boc","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104235-usd-cad-cad-jpy-levels-to-watch-on-boc\/","title":{"rendered":"USD\/CAD, CAD\/JPY Levels to Watch on BoC"},"content":{"rendered":"<ul>\n<li><strong>Bank of Canada to leave policy unchanged<\/strong><\/li>\n<li><strong>USD\/CAD Carves Out Double Bottom<\/strong><\/li>\n<li><strong>CAD\/JPY Testing Key Support<\/strong><\/li>\n<\/ul>\n<p><strong>BoC TO HOLD ON POLICY<\/strong><\/p>\n<p>The Bank of Canada\u2019s monetary policy decision is due 1500BST and will be closely watched by the Canadian Dollar. The BoC is expected to keep policy unchanged. Interest rates will be held at 0.25%, and LSAPs will be kept at a weekly rate of CAD 5bln. Therefore, the main focus will be on the accompanying statement. The Canadian economic recovery has been better than expected, Even so the BoC are expected to maintain a cautious outlook, with no hints towards taking their foot off the easing pedal.<\/p>\n<p><strong>USD\/CAD CARVES OUT DOUBLE BOTTOM<\/strong><\/p>\n<p>The selloff in equities and declining oil prices have weighed on the \u00a0Canadian Dollar recently, whist a US Dollar correction has seen USD\/CAD carve out a double bottom at 1.30 after the move north of 1.32. Risk sentiment is the key driver for the pair and is likely to remain so \u00a0despite the \u00a0BoC\u2019s meeting today. On the upside, the correction in USD\/CAD could run into sellers above 1.33, provided the risk environment stabilises. \u00a0A close above 1.3315 opens the door towards 1.34.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of Canada to leave policy unchanged USD\/CAD Carves Out Double Bottom CAD\/JPY Testing Key Support BoC TO HOLD ON POLICY The Bank of Canada\u2019s monetary policy decision is due 1500BST and will be closely watched by the Canadian Dollar. The BoC is expected to keep policy unchanged. Interest rates will be held at 0.25%, [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":83552,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1694,1381],"tags":[1680,1398,1869],"class_list":{"0":"post-104425","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cad","8":"category-usd","9":"tag-cad","10":"tag-usd","11":"tag-usd-cad"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/CAD, CAD\/JPY Levels to Watch on BoC - 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\/104235-usd-cad-cad-jpy-levels-to-watch-on-boc\/\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104235-usd-cad-cad-jpy-levels-to-watch-on-boc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104235-usd-cad-cad-jpy-levels-to-watch-on-boc\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/CAD, CAD\\\/JPY Levels to Watch on BoC\",\"datePublished\":\"2020-09-09T18:20:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104235-usd-cad-cad-jpy-levels-to-watch-on-boc\\\/\"},\"wordCount\":207,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104235-usd-cad-cad-jpy-levels-to-watch-on-boc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/GBP-CAD-Pound-Stronger-Despite.jpg\",\"keywords\":[\"cad\",\"usd\",\"usd\\\/cad\"],\"articleSection\":[\"CAD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104235-usd-cad-cad-jpy-levels-to-watch-on-boc\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104235-usd-cad-cad-jpy-levels-to-watch-on-boc\\\/\",\"name\":\"USD\\\/CAD, CAD\\\/JPY Levels to Watch on BoC - 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