The Canadian dollar continued to stay above the key 96.0 level against the yen for the second consecutive day on Thursday, rising as high as 96.15 around 2:40 am ET, its strongest since July 15.
The loonie-yen pair is poised to extend its advance beyond the 96.35/40 resistance and a move above this area could set the pair to its strongest level since June 11.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.