Canadian beats expectations to complete harmonica

On the economic side

The Canadian yen fluctuated during trading on Friday in anticipation of today's Canadian retail data and expectations indicate that it fell by more than expected.

On the other hand, the Japanese interest rate decision was issued this week, which was fixed at 0.5% levels, and from here you can watch the statement and the meeting of the Bank of Japan.

Summary of the meeting of the Central Bank of Japan

At the technical level

The Canadian yen pair is currently a negative divergence component of the MACD indicator on the watch frame, and the pair is also trying to form a bat Harmonic Pattern, which may target the levels of 101.80 and before that the levels of 103.15.

The pair is currently trying to break the uptrend levels, which we expect to break today, especially if the Canadian retail data is negative a little later.

This scenario fails if the 105.00 levels break higher.