For CAD/JPY, considering the influence of the U.S. Non-Farm Payroll (NFP) report, a stronger-than-expected NFP typically boosts the U.S. dollar, which can negatively impact the Canadian dollar (CAD) due to its correlation with USD. This, combined with recent yen strength from safe-haven flows amid market volatility, suggests a potential selling opportunity for CAD/JPY. Monitoring key support levels, confirmation from price action, and any divergences on technical indicators is recommended before entering the trade.
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