On Yen & CAD

JPY - The BoJ left rates unchanged and the monthly report also advanced an unchanged assessment of economic prospects – economy set to expand moderately, consumption in a rising trend and CPI likely to stay in a positive trend. We have to keep in mind that their foreign reserves are expanding to a massive amount. This could be a support for the yen, but at the same time China is not selling dollars (in its reserves). Their dollar position is expanding as well.

CAD -The Canadian dollar slumped on unexpectedly weak manufacturing shipments. The Canadian dollar fell 3.3% in September, well below the forecast for a 1.0% decline and the -0.3% reading in the prior month. The dollar broke 1.14 level versus the Canadian dollar after the release of the disappointing report."