AUDJPY Bearish ahead of JPY bank meeting

Mar 16

Monday evening is major day for the AUD pair and JPY at 11pm eastern the bank of Japan is likely going to increase their interest rates, and then 30 minutes later the bank of Australia is having their interest rate meeting, there's a 50% chance they are going to cut it, major trading week, stay alert, if Japan increase their rates and AUD decreases theirs or stay neutral, the trade is valid!

Mar 18

Trade active

Mar 18

Trade active

Price hit target entry and immediately was sold 30 pips.

Mar 20

Trade closed: stop reached

Price reached our entry and was 30 pips in profits, the market was in sentiment when the news came out however and reversed back.