Both the Canadian dollar and the Japanese yen have been falling. What’s next for both currencies? The team at CIBC World Markets: Here is their view, courtesy of eFXnews: The following are the weekly outlooks for the CAD and JPY as provided by CIBC World Markets. Chasing Down the Barrels for CAD: We previously pointed to the fact that revisions to crude export volumes reported by Statistics Canada tracked figures released from the National Energy Board. And with the NEB releasing data this week, we thought it would be appropriate to take a peek at what they implied for August’s goods trade balance. The NEB figures suggest that crude volumes sent to the US were up by around 1% on the month, with US EIA data also pointing to a gain. That’s roughly 6% better than what StatCan previously reported volumes doing, and could represent roughly $500 mn of improvement to the trade balance. That’ll add to the positive news coming from our above-consensus call on goods trade for September, and should help stabilize loonie. Racing to Keep Up With the Yen The BoJ turned up the heat even more on the dish of QE it is serving Japan’s economy, saying that the money base would now expand by about ¥80 trillion a year (rather than the ¥60-70 trillion previously). But having failed to stoke exports and with the Yen still not exactly cheap on a long-term historical perspective, it is questionable whether even this would be enough to offset the big drags from fiscal policy the country is faced with this year and potentially next (unless scaled back). If growth fails to react as expected and/or the BoJ is forced to do even more, the yen could weaken further than we previously projected. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Australian dollar and Iron ore falling hand in hand Guest 8 years Both the Canadian dollar and the Japanese yen have been falling. What's next for both currencies? The team at CIBC World Markets: Here is their view, courtesy of eFXnews: The following are the weekly outlooks for the CAD and JPY as provided by CIBC World Markets. Chasing Down the Barrels for CAD: We previously pointed to the fact that revisions to crude export volumes reported by Statistics Canada tracked figures released from the National Energy Board. And with the NEB releasing data this week, we thought it would be appropriate to take a peek at what they implied for August's… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.