CADJPYThe Canadian dollar went back and forth over last week as we continue to hang about the ¥92 level. The market will follow oil, as it typically does over the longer term. For what it is worth, the oil market looks as if it is ready to go higher, so it will be interesting to see how this plays out. The Bank of Canada has also suggested during last week that an interest rate hike is coming much sooner than anticipated, and that could continue to favor the Loonie over the Japanese yen.
