BUY CADJPY – 112.52

Technically the pair broke a short‑term resistance on the Asian session, producing a false break that quickly reversed into a gap‑fill candle at 112.52, confirming buying pressure and allowing a clean entry with a structure‑based stop at 112.375. Multi‑timeframe analysis shows a bullish bias on the H4 chart (22% edge) while higher‑timeframes remain neutral, reinforcing the short‑term move. Fundamentally, the US dollar is under pressure as highlighted in recent “Dollar Set to Test Multi‑Decade Levels” and “Dollar Drift With Yield Shock” reports, reducing USD‑JPY strength and indirectly benefiting CAD against JPY. Meanwhile, the Canadian dollar is buoyed by steady oil prices and a relatively stable risk‑on environment, while the yen remains soft due to the Bank of Japan’s cautious policy stance. This confluence of a strong technical breakout and supportive macro backdrop justifies a high‑confidence, high‑conviction buy with tiered profit targets.