Consolidation - Then BreakoutIf the BOJ does not do anything to weaken the YEN; or does not do anything drastic enough to weaken the YEN permanently (& to make sure that the YEN doesn't ever get stronger again after that!)...
If the JPY is set to progress stronger (as a safe-haven currency perhaps), then this ZARJPY pair will have a very high chance of breaking out to even further downsides...! (Just a matter of when; if this should happen...?)
But on the other hand, the ZAR currency is also said to be highly influenced by Gold prices... So if Gold prices is set to go higher..., then the ZAR currency can get stronger too... (This Gold strength factor will also affect the price patterns of USDZAR, EURZAR, & CHFZAR as well; which Gold price got stronger from beginning of this year, & is currently still very strong...)
