short USDJPY
We are looking to short the USDJPY trading out of the monetary policy report tomorrow morning. The market is starting to believe that the BoJ will add further stimulus but I don't think that is the case o at this meeting. Safe haven flows are still a big factor in the direction of this currency pair with the JPY being a sort after currency in times of risk off sentiment. I expect a spike up on the lead up to the announcement then a sell off if the BoJ do not announce further stimulus. learn to trade like a pro for FREE bankonadam.com
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