In today’s supply and demand Forex analysis, I revisit the JPY cross-pairs after the big move we saw when Japan elected its new Prime Minister. During that week, most yen pairs opened with noticeable gaps, and, as I mentioned in the previous analysis, gaps often create fresh supply and demand imbalances that define the next...
Over recent years, CAD/JPY currency cross has become very popular and highly correlated with oil price. Canada is the second-largest owner of oil reserves and has benefited from the rise in oil prices. On the other hand, Japan heavily relies on imported oil. Over 99% of Japan’s crude oil is imported, as it has almost no native...