i am getting many questions about JPY pairs, I will try to exp | tradiingaxis

i am getting many questions about JPY pairs, I will try to explain my view, hopefully, you won't see it complicated.

lest look at Japan's inflation, almost 3%, BOJ said they will not increase the interest rate, as they don't have to.

EUR, the ECB is forced to increase the interest rate to combat inflation
USD, the FED is forced to increase the interest rate to combat inflation

from the above, we have a clear view of what currency will be strong, right?. and the same can be said about NZDJPY, AUDJPY, and CADJPY.

In trading there is a saying, that the trend is your friend, the JPY trend is to the downside, and the wise choice is to sell YEN whenever you have a chance, don't go against the trend, unless the chart provides a very strong setup.

Like you have a strong structure, with a strong key market number, and Fib extension, reversal pattern and harmonic pattern all at the same entry point

the last thing, when fundamentals are very strong and leading the market, chart analysis will not work on its own, you need a mixed analysis of both analysis and technical