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.

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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.

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