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
