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Forex Traders Eye Out JPY & Co.

Welcome Traders!

There are times when JPY charts can really move. This was the case throughout much of 2022, when in almost perfect union, USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY, SGDJPY, CHFJPY and CADJPY moved almost relentlessly to the upside.

After what could now be a rest throughout the Northern Hemisphere’s Winter, those same charts are displaying spookily similar behaviour.

Could this mean that with-trend traders could see opportunities between now and October, if 2022 repeats itself?

Let’s look at the charts:

Visually, it’s pretty straightforward to confirm that they’re highly correlated.

For now, it appears that these charts are similarly bullish, when compared to 2022’s bullish moves.

Happy Trading!

Adam Harris

FXGlobe Ambassador Adam Harris is based in London, UK. He’s been trading professionally since 2013 and his specialties are technical and trend-based trading.

Trading Advice Disclaimer:
Our Ambassador’s Daily Picks are not trading advice. These are informational articles covering the events which happened in the market already & scheduled events which are scheduled to happen in the Economic & Earnings Calendar.

General Risk Warning:
Trading leveraged products such as Forex and CFDs carries a high level of risk thus may not be appropriate and/or suitable for all investors. The investment value can both increase and/or decrease and the investors may lose all their invested capital. The content of this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Under no circumstances shall the Company or affiliated Companies have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to leveraged products.

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