I will short EURJPY next days.
After Draghi's 'what ever it takes' speech last week. I see more downside potential in Euro/Yen.
The European Central Bank basically ready to buy government bonds in order to inflate the Euro and raise more inflation. In Japan Abe delays tax rise and calls for new elections. Also Japan's GDP contracted in Q3.
Good Entry point is around 146.3.
SL 149.4
TP1 143.8
TP2 141.9
Watch out for key events this week:
Japanese inflation, labor and consumption data; Germany inflation rate
After Draghi's 'what ever it takes' speech last week. I see more downside potential in Euro/Yen.
The European Central Bank basically ready to buy government bonds in order to inflate the Euro and raise more inflation. In Japan Abe delays tax rise and calls for new elections. Also Japan's GDP contracted in Q3.
Good Entry point is around 146.3.
SL 149.4
TP1 143.8
TP2 141.9
Watch out for key events this week:
Japanese inflation, labor and consumption data; Germany inflation rate
