Looking for a sell in the purple circle area. This is an intra-week trade and this trade could take couple of days through this week to platy out. Expecting the trade to be over by Friday.
We would like to see Japanese Yen strengthen with Canadian Dollar sidelining or weakening.
Fundamentals to keep an eye out on:
For JPY : Revised Industrial Production m/m, Core Machinery Orders m/m & Tertialry Industry Activity m/m
For CAD: Manufacturing Sales m/m & Consumer Prize Index m/m & y/y data.