CadJpy starts Tokyo Session Strong

The CadJpy began the Tokyo Session very strong as fears over the Coronavirus have remained in the forex market. The difference this time around is that unlike the last few weeks, the Canadian Dollar has risen almost 100 pips in less than six hours.

What is behind this move ? The Japanese Yen is known as a safe haven but it did not stay strong this time. So this is a developing story and I will keep track of how this currency performs in the near future.

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