USD/JPY is actually my go to pair. I’m sitting back reflecting because the big time investors seem like their flocking to a safe haven because the majority expected a more dovish sentiment from the FOMC. Oil still has been dropping as far as price wise & and that’s hurting commodity based dollars (AUD & CAD).
I’m probably looking at going long again on USD/CAD. It was at the 1.35900 range when the markets closed and that’s the highest it’s been in a long time.
The first 3 days will be pretty quiet as far as reports & holidays but the JPY does have its meeting minutes being released, coincident index, & leading economic index.
JPY has a lot of reports coming out this week as well.
Though I don’t mind taking a short/long position on either side since I usually don’t hold positions that long.
-USD/CAD & USD/JPY will be my main 2 pairs I’m focusing on this week.