US NFP tonight may be well below the estimates, short USD/JPY & long silver (XAG/USD).
With strong US economic data and optimism from Fed speak, USD/JPY could move higher despite a 100% priced in rate cut.
Major ECB policymakers’ remarks last week cast doubt on the likelihood of a major stimulus package promised by Draghi. EUR/CAD could head higher if ECB under-delivers.
With Canada’s economy going strong, Governor Poloz may continue to monitor data and keep rate cuts on the table. CAD/JPY could rise but further upside could be limited.
RBNZ could hint that they are looking for further easing amidst escalation of the US-China trade war. NZD/JPY could fall further.