Trade photo.

It's a 'standard risk on' interest rate differential trade.

Mixed data from Australia should keep the RBA one of the more hawkish central banks.

It's a 40 pip stop loss with 60 pip profit target. The stop loss is behind two 1hr swings

The risk to the trade is more JPY volitility, there is inflation data from Japan due during the Asian session. But recent data hasn't indicated an imminent BOJ hike so I'm content to trade through the data.