CAD/JPY has its first daily loss of the week and is close to its intraday low. The shot that hit the former prime minister of Japan hurt him, which shows how people feel. Mixed data and doubts about China’s stimulus add to the fear of taking risks, which makes the pair less valuable.

Losses in the yen-dollar pair could be due to the many things that make people less willing to take risks at home and abroad. The idea of killing former Prime Minister Shinzo Abe before the elections seem to get a lot of attention.

Reuters’ most recent report on the situation in Japan says that former Prime Minister Shinzo Abe is not showing any signs of life.

On the other hand, Statistics Canada will release its monthly employment report for June on Friday at 12:30 GMT. The Canadian economy probably added 22,500 jobs during the reported month, less than the 39,800 jobs in May. On the other hand, the unemployment rate might stay the same in June, at 5.1%.

Analysts at Citibank sounded a little more hopeful and gave a short preview of the report: “We expect a solid 45K rise in jobs in June, which is similar to the increase in May, but there are risks on both sides. On the other hand, the wage growth rate is more likely to be a better indicator of whether the BoC will start to slow down on aggressive rate hikes later this year or stay more hawkish like the Fed.

Conclusion:

CAD/JPY might stay on a bullish path because the last uptrend showed a higher high.