Bank of Tokyo-Mitsubishi UFJ expects growth in the Canadian dollar against the yen

Currency strategists Bank of Tokyo-Mitsubishi UFJ believes that the Canadian dollar could rise against the Japanese yen after the volatility between the two currencies has fallen to its lowest level since the bankruptcy of Lehman Brothers. Implicit one-volatility yesterday reached a minimum level from 17 September last year (two days after the company Lehman Brothers announced bankruptcy). Over the past three months, the Canadian currency strengthened to 1.4% against the yen on a background of reducing volatility and the growth of global equity MSCI World Index by 11 percent, contributing to increased demand for more profitable assets. In a couple of Canada / yen decline in volatility was the most significant. Therefore, currency strategists Bank of Tokyo-Mitsubishi believes the best buy the Canadian dollar against the Japanese yen. Reducing the volatility of the yen has a close correlation with the trade-weighted depreciation of the yen.