Extending its recent rally, the Canadian dollar touched 78.95 against the yen around 10:25 am ET and this set the strongest level for the pair since July 5. This was also up by more than 1 percent from early Asian session's 4-day low of 78.11.
The loonie-yen pair staged a rebound from its late-July support zone of 76.35/40 and the pair 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.