Long EJ - After ECB and BoJ decisions

22 de jul. de 2016

Long EJ - After ECB and BoJ decisions

22 de jul. de 2016

Nota

ECB seems to take a more of a wait and see approach while the BoJ is much more active.
Markets often position ahead of decisions and show their expectations. Therefor the divergence might be a good Eur/JPY long (risk on) trade. We will see if we even reach the TP target which are a bit optimistic.

Also I am unsure where to enter yet. market seems to be unsure at the moment. But as long as we do not break the channel (teal line) we should go up by a weaker Yen and stronger Euro overall.