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Japanese Yen is On The Radar As Economic Data Comes Monday

The Japanese Yen is a currency pair I plan to follow in the next 24 hours as I look to see whether it makes some moves that can lead to a high probability outlook for its path. The news that will be coming out about 30 minutes after NY close is Unemployment rate, BOJ Outlook report, BOJ Policy rate, and Monetary Policy Statement. BOJ Core CPI comes out 4 hours after Unemployment Rate. Right now the CadJpy looks interesting but it is still early. Now this might not be the ideal pair to trade  based on my strategy but since the news is coming out we will see if things come together enough to give the price a push. So as it looks right now we would be looking for the CadJpy to weaken if relatively good data comes out for Japan. We will be also looking at ChfJpy. On the flip side if weak data comes out we could take a look at AudJpy and NzdJpy. It all depends on how Jpy is doing at the time of news.

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