Sforex
Long

EURJPY: Between EUR and JPY: I choose JPY.

FX:EURJPY   Euro / Japanese Yen
105 0 2
Okay, EUR and JPY : the pair : EURJPY             . How to trade ?.

This week, BOJ Meeting is the main risk event impacting on Yen. I expect BOJ will extend stimulus.

Hence, Yen trade likely is SELL.

I also expect EUR fall.

Between EUR and JPY, I choose JPY, because this week is the week of Yen.

Last week, EURJPY             bounced from the 3 year low at 126

I think this key support will hold E/J above it.

A bigger picture, a channel is capturing EURJPY             . From the bottom of channel, E/J bounces.

I expect EURJPY             extends the rallly to 132, Buy limi at 127 is a good option.
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