On daily chart price is breaking the pressure since last oct, actually good rr ratio to setup long even before BOJ minutes.Netual or dovish bias expects.
For example, I opened long position at 111.85,use the simple ema to set stop, and set tps with price level given in the chart. If you set tp as 113.8, RR ratio can be over 1:2
Though the ratio is profitable, please remember to control your postion in avoid losing all your principal.
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Techniacally speaking, risky to long now since bearish signals like bearish pattern or divergence as well actually give short positions proper rr ratio to set up