The yen fell back to below the key 95.0 level against the Canadian dollar after a gap of a week in early deals on Tuesday, falling as low as 95.03 around 6:35 am ET.
With the CAD/JPY pair rebounding from last week's failed test of 92.30 support, further bearish extension is likely for the yen with a support target is visible near the 95.40 area in the near-term.
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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.