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fxJul 30, 2026, 6:06 PM

Canadian Dollar Strengthens to 1.4000 vs USD on Suspected Yen Intervention

USD/CAD dropped to a six-week low near 1.3996 as broad USD weakness followed a sharp yen rally on suspected Japanese intervention. The Canadian dollar extended gains for a third straight session.

USDCADUSDJPY

USD/CAD slipped to a six-week low near 1.3996 on Thursday as the US dollar came under broad selling pressure. A sharp rally in the Japanese yen, widely attributed to suspected intervention by Japanese authorities, sent the greenback tumbling across the board.

The loonie’s strength pushed the pair through the 1.4000 handle for the first time in weeks, putting it on track for a third straight session of declines. At the time of writing, USD/CAD was holding around 1.3996.

Source: FXStreet Forex News