CADJPY Lower
Updated
Trying CADJPY lower here.
We have a resistance level above which should hold.
We also have US CPI today which i think may be lower than expectations - this should see CADJPY lower if correct as it is a proxy to USDJPY and USDJPY should move lower with yields if US CPI is lower than expected.
Seeing a lot of people concerned about canada for next year as household debt will likely become a big issue. JPY should benefit next year from a change in Kuroda as people will expect a hawkish replacement.
Not trading/investment advise, feedback welcome!
We have a resistance level above which should hold.
We also have US CPI today which i think may be lower than expectations - this should see CADJPY lower if correct as it is a proxy to USDJPY and USDJPY should move lower with yields if US CPI is lower than expected.
Seeing a lot of people concerned about canada for next year as household debt will likely become a big issue. JPY should benefit next year from a change in Kuroda as people will expect a hawkish replacement.
Not trading/investment advise, feedback welcome!
Note
taken profit at 99.59 ahead of the fed meeting later today
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