Loading page content
Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.
Sigmacast expected range · 7–28-day calibrated zone
Forecast batch: 7/30/26
Market-data read
CAD/JPY reads range-bound — no clean directional character at any horizon (ER 0.83 / 0.50 / 0.01). Recent action is directionless chop rather than a trend. Term-structure band: ±1.4% / ±1.9% / ±2.6% (7/14/28d).
Nested 60 / 80 / 95 calibrated expected-range · centered on current price (gold tick)
Macro correlations · context (not confirmation)
8 correlated indicators
Observed historical correlations, not forward signals.
Positively correlated: PMI (r=+0.84), Ivey PMI s.a (r=+0.79), New Housing Price Index MoM (r=+0.73)
Inversely correlated: Producer Price Index YoY (r=-0.68), Raw Materials Prices YoY (r=-0.67), Retail Sales Ex Autos MoM (r=-0.67), Unemployment Rate (r=-0.63), Participation rate (r=-0.51)
As of July 31, 2026, CAD/JPY is trading at 113.6191. Our multi-model Sigmanomics forecast for this forex pair generates expected price ranges (magnitude, not direction) across 7-day, 14-day, and 28-day horizons, each with a recent-path character readout. Based on ensemble models including SIGMACAST, Σ-Adaptive, and Σ-Trend with model-agreement confidence bands. Updated daily.
Containment = how often the band held (backtest) — magnitude only, not a directional record.
Forecasts generated by Sigmanomics engine. Not financial advice.
Market-data read
The CAD/JPY forex pair tracks the exchange rate between the Canadian Dollar and the Japanese Yen. The CAD/JPY pair closed at 113.62 on July 31, 2026, reflecting a decline of 0.56% from the previous close of 114.26.
Over the past 30 days, the pair has experienced a sideways movement with a rally of 0.07%, ranging between 112.74 and 116.47. The price currently trades below its 20-day moving average of 115.58. The 14-day RSI stands at 32.1, in the lower part of its range. Among macroeconomic indicators in our coverage, PMI shows the strongest historical relationship with this instrument, positively correlated (r = +0.84).
Over the same 30-day window, daily-return volatility was 0.43%, reflecting subdued price variability for this pair. Across the past 52 weeks, the pair has traded between 109.55 and 117.49, with the current price near the midrange of that range.
Daily-return volatility of 0.43% is subdued for this pair, leaving recent ranges compressed — watch for a decisive break of the band as the more telling development. CAD/JPY is currently trading 1.69% below its 20-day moving average and sitting in the middle of its 52-week range. Its 14-day RSI reads 32.1, currently in neutral territory. For cross-confirmation, the PMI indicator carries the strongest historical correlation with CAD/JPY (r = +0.84) and is worth watching for context.
Auto-generated from Sigmanomics market data. Last update Jul 2026.
Sigmacast forecasts span six horizons — 30-minute, 1-hour, 2-hour, 4-hour, 12-hour, and daily — refreshed continuously as new bars arrive.