Trade photo.

It's a Friday 1:1 risk reward with a 30 pip stop loss and 30 pip profit target, 'interest rate differential' trade. Based on the still overly dovish BOC and my belief the USD is likely to remain supported for the time being. Especially given once again the market has been disappointed by the china stimulus announcement.

The risk to the trade is USD weakness, perhaps if USD JPY remains volatile. Plus the stop loss is 'only' behind 30min support.

Detailed 'post Powell' thoughts on the market and weekly review to follow.