CadJpy Canadian Dollar and Japanese Yen Are Battling it Out As Coronavirus Gains Steam

The Canadian Dollar and Japanese Yen are Battling it Out on the currency market to find a solution to where the currency should be trading during the current economic climate. The CadJpy has been down for the last few weeks. But recently since Sunday and Monday it has been trying to find out where it will stabilize during the current environment. It has been up and down since Sunday.

The Bank Of Japan released a statement. The Bank of Japan will closely monitor future developments, and will strive to provide ample liquidity and ensure stability in financial markets through appropriate market operations and asset purchases.

The Top Central Bankers are considering acting together.

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