FXWW News/JPY crosses

CAD/JPY: Easing into market with small short position

The big fall in oil prices hasn’t washed through into the traditional FX proxy, CAD/JPY, but maybe it still will. The daily chart looks very bullish and it’s certainly hazardous trying to pick a top but I guess we are in a risky business.

I’ve sold smalls at 104.48 and will sit and watch for a session or two.

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