Canadian Dollar May Enter Another Downtrend Vs. Yen, Chart Shows -- Market Talk

Dow Jones

Apr 03, 2025

0201 GMT - The Canadian dollar may enter another downtrend against the yen, based on the daily chart, Oanda's Kelvin Wong says in an email. The recent corrective rebound of CAD/JPY from the March 11 low may have reached a terminal point on March 26, as the currency pair's price movements shaped a bearish candlestick pattern, the senior market analyst says. Also, the daily relative strength index indicator has signaled a bearish momentum condition, which underpins the beginning of a possible downtrend, Wong says. Any break of the currency pair below support at 101.80 exposes subsequent medium-term support levels at 99.60 and 97.55, the analyst adds. CAD/JPY slips 1.1% to 103.69. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 02, 2025 22:01 ET (02:01 GMT)

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Yen, Chart Shows -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0201 GMT - The Canadian dollar may enter another downtrend against the yen, based on the daily chart, Oanda's Kelvin Wong says in an email. The recent corrective rebound of CAD/JPY from the March 11 low may have reached a terminal point on March 26, as the currency pair's price movements shaped a bearish candlestick pattern, the senior market analyst says. Also, the daily relative strength index indicator has signaled a bearish momentum condition, which underpins the beginning of a possible downtrend, Wong says. Any break of the currency pair below support at 101.80 exposes subsequent medium-term support levels at 99.60 and 97.55, the analyst adds. CAD/JPY slips 1.1% to 103.69. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 02, 2025 22:01 ET (02:01 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Canadian Dollar May Enter Another Downtrend Vs. 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Yen, Chart Shows -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-03 10:01</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0201 GMT - The Canadian dollar may enter another downtrend against the yen, based on the daily chart, Oanda's Kelvin Wong says in an email. The recent corrective rebound of CAD/JPY from the March 11 low may have reached a terminal point on March 26, as the currency pair's price movements shaped a bearish candlestick pattern, the senior market analyst says. Also, the daily relative strength index indicator has signaled a bearish momentum condition, which underpins the beginning of a possible downtrend, Wong says. Any break of the currency pair below support at 101.80 exposes subsequent medium-term support levels at 99.60 and 97.55, the analyst adds. CAD/JPY slips 1.1% to 103.69. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 02, 2025 22:01 ET (02:01 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B66KJ199.SGD","symbol_name":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524735134","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524735134","pubTimestamp":1743645660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0201 GMT - The Canadian dollar may enter another downtrend against the yen, based on the daily chart, Oanda's Kelvin Wong says in an email. The recent corrective rebound of CAD/JPY from the March 11 low may have reached a terminal point on March 26, as the currency pair's price movements shaped a bearish candlestick pattern, the senior market analyst says. Also, the daily relative strength index indicator has signaled a bearish momentum condition, which underpins the beginning of a possible downtrend, Wong says. Any break of the currency pair below support at 101.80 exposes subsequent medium-term support levels at 99.60 and 97.55, the analyst adds. CAD/JPY slips 1.1% to 103.69. 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The recent corrective rebound of CAD/JPY from the March 11 low may have reached a terminal point on March 26, as the currency pair's price movements shaped a bearish candlestick pattern, the senior market analyst says. Also, the daily relative strength index indicator has signaled a bearish momentum condition, which underpins the beginning of a possible downtrend, Wong says. Any break of the currency pair below support at 101.80 exposes subsequent medium-term support levels at 99.60 and 97.55, the analyst adds. CAD/JPY slips 1.1% to 103.69. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 02, 2025 22:01 ET (02:01 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}