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.