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EURJPY - Short on Dovish Draghi
We have a lot of EUR news due out tomorrow together with a speech from Mario Draghi, the President of the European Central Bank.
His comments alone will move the market and we are hoping for an alignment with the PMI data due out later on in the morning. This will give us a great trading opportunity on the EUR throughout the rest of the week.
We are planning a short trade on the EURJPY should we see and hear dovish sentiment from Draghi. The Yen has been the stronger of the two currencies over the past week, and over the past month, and is currently sitting at resistance.
His comments alone will move the market and we are hoping for an alignment with the PMI data due out later on in the morning. This will give us a great trading opportunity on the EUR throughout the rest of the week.
We are planning a short trade on the EURJPY should we see and hear dovish sentiment from Draghi. The Yen has been the stronger of the two currencies over the past week, and over the past month, and is currently sitting at resistance.
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