Short CADJPY as the Yen finds strength from trade escalations
The US government just announced that it will raise tariffs on $200 billion Chinese imports from 10% to 25% and that it is looking at taxing another $325 billion Chinese imports. This trade escalation will give more and more strength to Japanese Yen. On the other hand the Canadian dollar will be under more pressure as the oil prices are starting to drift lower. This imho is a very very attractive setup. Stop loss 83.500 - Entry level will be dictated by the opening of the fx markets this evening.
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