Concerns will be raised over the health of Japan after exports declined greater yhan expected dragged down by a strong Yen. Declining inports will also help raise concerns over growth in the Japanese economy which is one of the only developed economies in the world to have officially been in recession in 2015. With Kuroda failing to achieve any of his targets expect dellusions to end and more action from the BOJ on the 29th.
Oil has also fallen a bit due to Iraq announcing that its production has reached record levels adding concerns to oversupply of the market. I expect oil to fall more this week as markets panic.
Entered a new usdcad buy to try and exploit any softness in oil pices this week. No other new positions taken.
HF: got stopped on a USDCAD in green earlier. Have entered a second long.
Get long on usdjpy if it goes into 117s. Jpy is likely to weaken at the end of the week due to either:
1.) more boj stimulus.
2.) people having to cover the net longs on jpy to reduce exposure before the meeting.