At 85.07 CADJPY appears to have lost downward momentum, so I'm now waiting for the signal to go ahead and enter a long position.
The Bank of Canada rate decision came it at 1.75% just as it was projected to do. So why the market wants to get all dramatic like it does is beyond me, unless it's just market makers taking advantage of the opportunity to make a lot of bucks. My play on AUDUSD didn’t work out yesterday. Nonetheless, I find myself once again wondering if perhaps this might not constitute a nice buying opportunity, given that CADJPY was ALREADY structured to climb north, even BEFORE the rate decision.