Trading the EUR/JPY today

Today is a huge day for US data. If the data is positive this should see a surge in USD buying as it brings a possible taper closer. If the data is negative then the opposite is true and we could see more sell offs on the USD currency.

To shield us from this risk event coming up later in the session (As much as possible) we will focus on the strongest performing cross pair the EUR/JPY. This pair is currently riding the ride of a weakening yen and Eurozone optimism and shouldn’t be too impacted by the US data coming up this afternoon.

Look for buying opportunities on the EUR/JPY currency pair throughout today’s session.

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