CADJPY possible medium/long-term trade
Prons (very shortly):
1. CAD is strongly correlated with oil price, which bias is on long side (long-term);
2. The Economic Cycle shows global growth which is going to broaden and continue;
3. Monetary Policy in US will probably affect on canadian economy and future path of canadian rates;
4. Bank of Japan Monetary Policy is on negative side with negative tendency (very low inflation still drives QQE);
5. Swap is on positive side.
Always invest consicously. The price can do anything at any time.
1. CAD is strongly correlated with oil price, which bias is on long side (long-term);
2. The Economic Cycle shows global growth which is going to broaden and continue;
3. Monetary Policy in US will probably affect on canadian economy and future path of canadian rates;
4. Bank of Japan Monetary Policy is on negative side with negative tendency (very low inflation still drives QQE);
5. Swap is on positive side.
Always invest consicously. The price can do anything at any time.
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