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sufiansaid
Dec 6, 2017 6:31 AM

Trading the Potential Monetary Policy Divergence (Long CADJPY) Long

Canadian Dollar/Japanese YenFXCM

Description

BOC Rate later today. Market expects the BOC to hold the rate today but a least dovish or hawkish statement are expected later after series of positive economic data for Canada. BOJ as we all know is still deep in their easing zone. If BOC reveal they are planning to raise interest rate in the future, then Boom.. thats as much diverged as it could get in terms of monetary policy.
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