The Canadian dollar appreciated almost 0.9 percent to a 4-day high of 78.82 against the yen around 8:40 am ET Tuesday from early Asian session's 4-day low of 78.11. The next barrier for the loonie-yen pair is seen at last Friday's peak of 78.88 and a move beyond could set its strongest mark in nearly 5-weeks.
The loonie-yen pair staged a rebound from its late-July support zone of 76.35/40 and then showed some corrective tone in early part of the previous week. However, the pair has been steadily rising since then and is poised to challenge the medium-term resistance around the 79.15/35 area.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.