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USD/JPY hit 156 as the Japanese yen weakened following the nomination of dovish Bank of Japan officials. Technical indicators show a bullish double-bottom pattern, pointing to potential gains toward the 159.63 resistance level.

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CIBC warns Canada’s housing correction is deeper than data suggests, threatening a severe economic contraction. Falling prices are reversing the wealth effect and stifling consumer spending as the home equity ATM closes.

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