Pro Signal - CAD/JPY

This is for educational purposes only.

Market is currently pricing in the coronavirus rapidly. Escalation in cases in South Korea, Iran and Italy has the markets concerned.

Equities down big, gold up, oil down and JPY bid.

The surprise of the day with risk-off Euro has been bid during NY session.

The Trade

I understand why JPY is bid on risk-off nevertheless the move has come far and fast.

The …

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