The Canadian dollar rose to 79.27 against the yen around 9:45 am ET, its highest level since May 17. The loonie-yen pair is likely to challenge the key resistance zone of 79.45/79.60.
The pair is now hovering around the upper-trend line of an ascending channel in the 2-hour chart with bias for a potential reversal and a probable support area of 78.60/50 seen in the near-term.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.