DavidFXMarkets

CADJPY possible medium/long-term trade

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
Prons (very shortly):
1. CAD is strongly correlated with oil price, which bias is on long side (long-term);
2. The Economic Cycle shows global growth which is going to broaden and continue;
3. Monetary Policy in US will probably affect on canadian economy and future path of canadian rates;
4. Bank of Japan Monetary Policy is on negative side with negative tendency (very low inflation still drives QQE);
5. Swap is on positive side.

Always invest consicously. The price can do anything at any time.
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