Update on Japanese Yen + Canadian Dollar by @JimIuorio
Attached is a 40-day chart of the JYH3.
The market has
gapped open lower this morning as market participants become
more and more convinced that the new leadership will push for
stimulus and a weaker yen to give the export driven Japanese
economy a boost. This has left us on the sidelines as our upside
trigger point for a long bias is far away.
The CDH3 is opening
near unchanged levels and we will be looking for opportunities
there as well.
We anticipate continued thin trade in the last
week of the year, but will be on the look out for
attractive risk/reward trades.
Jim
