Canadian Dollar Japanese Yen CADJPY FOREX Trading INVESTING
The CAD/JPY pair is affected by major factors such as supply and demand, interest rates, political stability, and economic growth. Additionally, the Japanese Yen is considered one of the safe-haven currencies, while the Canadian Dollar is positively correlated with oil prices.
If you are looking to get away from overcrowded markets and trade with a pair that has all of the advantages of a major pair without all of the same drawbacks, CAD/JPY forex trading is definitely worth your time.
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Why is JPY so weak?
CADJPY is overall bullish trading inside the brown wedge pattern. Moreover, the zone 111 – 112 is a strong resistance zone . So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance zone and upper brown.
Why is JPY so weak?
The bottom line is trading between 12:00 and 15:00 maximizes your efficiency in trading the USD/JPY. This period often provides the most opportunities to deploy trading capital, as the increased volatility provides more opportunities to trade.
More videos like this please, and please show live trading content , new subscriber here
More videos like this please, and please show live trading content , new subscriber here
The bottom line is trading between 12:00 and 15:00 maximizes your efficiency in trading the USD/JPY. This period often provides the most opportunities to deploy trading capital, as the increased volatility provides more opportunities to trade.
The CAD/JPY pair is affected by major factors such as supply and demand, interest rates, political stability, and economic growth. Additionally, the Japanese Yen is considered one of the safe-haven currencies, while the Canadian Dollar is positively correlated with oil prices.
Why is the yen so weak? The biggest reason is the US move toward higher interest rates, while Japanese rates remain low, making dollar-denominated assets more attractive for investors.
Amid anxiety about global growth, the yen is soaring. The currency is racing higher as investors look for safe places for their money.