Canadian dollar vs Japanese Yen

The pair will continue moving higher in the following days after it bounced back from an uptrend channel support line. Japan’s economy is expected to gain from the $121 billion stimulus package introduced by the government to stir the economy. In December, PM Abe’s cabinet approved a quantitative easing (QE) policy as fears of recession creeps industrialized and emerging economies. Japan is one (1) of the only four (4) countries with a negative interest rate. The numbers are expected to shrink as Sweden announces its plan to leave the negative territory. Pushing Japan’s interest rate lower will hurt the economy in the future. This leaves the country with QE as the remaining tool to prevent recession. On the other hand, Canada will regain its former glory and become the eighth largest economy in the world. This was according to Cebr’s World Economic League Table 2020, which predicted Canada to reach the spot this decade.