Trade photo.

It's another 'risk on' trade. As the positive sentiment surrounding china continues. This time with a 50 pip stop loss and 75 pip profit target.

It currently appears Friday's JPY strength is now over. But if USD JPY reverses, that's a risk to the trade. Along with general 'out of the blue' negative sentiment. Chair Powell is speaking again later, but I would be surprised if he 'spooks' the market.

Feel free to email any questions: johnelfedforexblog@gmail.com