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BK CAD/JPY Big Trade +90
BK CAD/JPY Trade -- Close at MArket (95.95) for +90
**First Entry at 96.85 TRIGGERED
1. SELL CAD/JPY
Place Order to Sell 1 Lot CAD/JPY at 96.85
Place Order to Sell 1 More at 99.08
Oil prices are falling again this morning. There’s a small but important chance of the Bank of Canada cutting interest rates this week. Even if they don’t they will be dovish given recent data and the trend in oil. This means more downside opportunity for CAD. We also believe that the rally in USD/JPY will lose momentum, in the near term as Yellen downplays the need for a near term rate hike.