Most people would really doubt the tendency of this pair to remain bullish, I understand that too. It is clear that the YEN is a safe haven asset and this kind of asset are suppose to safe guard your money in times of inflation. This is not so at the moment because the BOJ chairman describes that the country is falling into inflation due to high cost of imports, this cost arises from increase in the price of energy. The YEN has been hit deeply by the Russo-Ukraine crisis, but the Aussie seems to be on a favourable condition compared to other currencies...
NOTE:
MS means Major Structure
MR means Major Resistance
SS means Strong Support
NOTE:
MS means Major Structure
MR means Major Resistance
SS means Strong Support
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.