The Canadian Dollar has surged by 1.34% against the Japanese Yen since May 28. The currency pair tested a resistance line at 91.10 during yesterday’s trading session.
Technical indicators suggest buying signals on the 4H, daily, and weekly time-frame charts. The exchange rate is likely to continue to trend bullish during the following trading sessions.
However, the resistance level at 91.19 could provide resistance for the CAD/JPY currency exchange rate this week.
