Reversing direction, the Canadian dollar slipped against the Japanese yen in European deals on Monday.
The loonie pared gains to 98.72 against the yen, after climbing to 99.03 in early European deals. If the loonie extends slide, it may challenge support around the 98.00 mark. At Friday’s close, the pair was worth 98.88.
The material has been provided by InstaForex Company – www.instaforex.com