CAPJPY - Time to comeback to earth
JPY pairs are highly volatile on their own and are not recommended to trade for small accounts. Especially when you add CAD to them. CAD pairs sync well with WTI more often, with the recent spike in WTI no wonder CADJPY skyrocketed.
The pair has entered the supply zone and will likely start to decline soon. Adding to it OPEC's decision of increasing oil production next month and the comeback of JPY on other pairs we feel that it is time to short the pair.
The pair has entered the supply zone and will likely start to decline soon. Adding to it OPEC's decision of increasing oil production next month and the comeback of JPY on other pairs we feel that it is time to short the pair.