There is a high probability that the Bank of Canada will cut interest rates this week. The US and Canada are expected to fall below 1.3601 support and look at 1.3400

Market analyst Saqib Iqbal wrote that the USD/CAD weekly forecast shows more downside potential because the Bank of Canada is likely to cut interest rates this week, far ahead of the Federal Reserve. On the technical side, USD/CAD has fallen below the bullish trend line and is approaching the 1.3601 support level.

FX678 Finance01:36 ET

Japanese Yen Receives Pressure After Dovish Comments From Minister Shindo

The Japanese Yen moves sideways as investors adopt caution ahead of ISM Manufacturing PMI

FXStreet00:26 ET

Japan's Shindo: Real Economic Growth of 1.3% in FY 2025 Is Not so Unrealistic

Japanese Economy Minister Yoshitaka Shindo said on Monday that the government will “continue efforts for primary balance to reach within surplus territory in FY 2025.”

FXStreet23:03 ET

Japan's Manufacturing PMI Revised Lower in May

The headline au Jibun Bank Japan manufacturing purchasing managers' index, or PMI, was revised lower to 50.4 in May from an initial reading of 50.5 but still exceeded the 49.6 recorded in April, S&P Global reported Monday.

MT Newswires21:47 ET

Japan's Firms Trim Spending, Reflecting Headwinds to Growth

Japanese companies trimmed capital investment in the first quarter, a result that likely indicates revised data due next week will continue to show the economy contracted in the period.

The Edge Markets21:37 ET

Japan's Capital Outlays Fall, Reflecting Headwinds to Growth

Japanese companies trimmed capital investment in the first quarter, a result that likely indicates revised data due next week will continue to show the economy contracted in the period.

BNN Bloomberg20:37 ET