Why Do Nikkei and Yen Change Together? Correlation Explained
The Nikkei just exploded higher after Japan’s ruling party picked Sanae Takaichi as its new leader — and guess what? The Yen pairs went wild! USDJPY, EURJPY, GBPJPY… all gapped like they’d had too much sake. But here’s the question every trader should ask: what’s the real link between the Nikkei and the Yen —...
Why is the EURJPY Forex cross pair rallying in August 2024?
Why is the EURJPY Forex cross-pair rallying in August 2024? Don’t sell Forex cross-pairs after a strong sell-off – here’s why. The reason is that the markets are governed by the forces of supply and demand, whether we like it or not. These forces move the threads in the background, creating strong market price action....
Exploring the Trade Opportunities in USD/JPY and EUR/JPY: A Comprehensive Forex Analysis
Today, we are deeply diving into two major currency pairs: USD/JPY and EUR/JPY. As the foreign exchange market continues to captivate seasoned traders and curious beginners alike, staying informed on potential trade opportunities is crucial. This comprehensive supply and demand forex analysis will explore the fascinating dynamics between these pairs, uncovering valuable insights that could...
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