The Canadian dollar, which closed yesterday's trading at 78.18 against the yen climbed to 78.76 in Asian deals on Thursday. The near term resistance level for the loonie-yen pair is seen at 80.5.

The Bank of Japan said today that the monetary base in Japan was up 6.9% on year in March, standing at 94.46 trillion yen. That's up from 93.65 trillion yen in February, which saw a 6.4% annual increase. Seasonally adjusted, the monetary base was up 5.6% on month at 94.3 trillion yen.

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