We have been trading the forex markets extremely well recently and in particular made strong profits with the weakening JPY (also today's AUD/JPY ended well in profit). We now update all our open FX positions. The CAD/JPY remains in sideways movement after strong recent gains. I expect more upside potential for the CAD tomorrow, when the BoC likely positions itself rather hawkish. I expect the BoC to raise inflation expectations and give hints of a tighter monetary policy. The JPY remains weak due to expectations that the Bank of Japan remains dovish and accommodative for longer (interest rate decision on Thursday). We also set a tight SL for our EUR/USD and secure profits with our GBP/AUD-position, which is very deep in profit after strong AUD gains (due to higher commodity prices / better risk sentiment).
