CADJPY looks down ahead of FED
The Japanese yen is the main beneficiary of the cyclical dovish expectations.
The interest rate for the US may go down after today's FED's decision, the main question is - how deep, 0.25 or 0.5 basis points.
Though, Japanese monetary policy is unlikely to soften in the nearest future, and would probably stay strong.
CADJPY consolidates at the structurally interesting point for a short position - at the potential top of the swing and may slide down after J Powell's speech.
Be aware of volatilit and manage your risk at all times!
The interest rate for the US may go down after today's FED's decision, the main question is - how deep, 0.25 or 0.5 basis points.
Though, Japanese monetary policy is unlikely to soften in the nearest future, and would probably stay strong.
CADJPY consolidates at the structurally interesting point for a short position - at the potential top of the swing and may slide down after J Powell's speech.
Be aware of volatilit and manage your risk at all times!
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.