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BKSWING – New Order for CAD/JPY
Crimea is scheduled to hold a referendum to secede from Ukraine this weekend. We are seeing liquidation in the Yen crosses ahead of the vote. If risk aversion exacerbates over the weekend, we could see CAD/JPY break through 1 year lows. We are laying out a CAD/JPY order to position for this opportunity.
Place Order to Sell CAD/JPY at 90.75
Close half at 90.45 move stop to b/e
Close rest at 89.86