JPYX is still in a downtrend.
We look at the graph we can see that:
JPYX is still in a downtrend.
In recent times we may see a recovery, but in the end it is still hopeless.
Japan currently continues to implement the policy of reducing interest rates to stimulate economic demand.
Japan has experienced many years of deflation and this is the time to continue to stimulate economic demand, to be able to integrate with the world.
Looking at the technical analysis, we can see that JPYX broke the nearest bottom, then recovered for another short-term span and dumped again.
It is very likely that they will have to return to the lower trendline of the down channel ( 73x ).
JPY-related currency pairs.
Priority BUY for currency pairs:
XXX / JPY.
Good luck everyone !!
JPYX is still in a downtrend.
In recent times we may see a recovery, but in the end it is still hopeless.
Japan currently continues to implement the policy of reducing interest rates to stimulate economic demand.
Japan has experienced many years of deflation and this is the time to continue to stimulate economic demand, to be able to integrate with the world.
Looking at the technical analysis, we can see that JPYX broke the nearest bottom, then recovered for another short-term span and dumped again.
It is very likely that they will have to return to the lower trendline of the down channel ( 73x ).
JPY-related currency pairs.
Priority BUY for currency pairs:
XXX / JPY.
Good luck everyone !!
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