CAD - BEARISH
1️⃣ Declined in oil prices weighing on on the CAD.
2️⃣ The CAD has been pressured amid the risk-off tone.
JPY - BULLISH
1️⃣ The Bank of Japan left its key short-term interest rate unchanged at -0.1 percent and maintained the target for the 10-year Japanese government bond yield at around 0 percent during its December meeting by an 8-1 vote. The BoJ also mentioned that it will not change its yield curve control or quantitative easing framework.
2️⃣ Investors will turns to safe-havens assets like the JPY to protect their wealth.
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Technical
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We are selling the CADJPY below the resistance of 81.150 + below SMA 50 on the H1 chart.
1️⃣ Declined in oil prices weighing on on the CAD.
2️⃣ The CAD has been pressured amid the risk-off tone.
JPY - BULLISH
1️⃣ The Bank of Japan left its key short-term interest rate unchanged at -0.1 percent and maintained the target for the 10-year Japanese government bond yield at around 0 percent during its December meeting by an 8-1 vote. The BoJ also mentioned that it will not change its yield curve control or quantitative easing framework.
2️⃣ Investors will turns to safe-havens assets like the JPY to protect their wealth.
=====
Technical
=====
We are selling the CADJPY below the resistance of 81.150 + below SMA 50 on the H1 chart.
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✅ TRADE HAS HIT TP
+25 PIPS
+25 PIPS