CAD/JPY
Since the start of casualties in the financial markets about four months ago, the loonie-yen pair Japanese lost about 1300 points! braking was exactly the last support level of 76.90. The estimation about the strength of the support level was surpassed for the pair failed to close below this important support of 77.00. This is indicative of a high potential for reversal and go to hikes. The price target over the medium term is around the 83.60 level, Japanese yen per Canadian dollar.
