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 leg of the trend.
Fast-forward to now, and most of the JPY pairs — CADJPY, EURJPY, CHFJPY, SGDJPY and others — have created new daily demand imbalances that are already in control.
If you’re learning to trade forex using price action, supply and demand, and intraday trading strategies, this is a textbook example of how higher-timeframe structure guides trading decisions.
The Nikkei index continues to push higher, which aligns perfectly with the bullish structures in most JPY cross pairs. This correlation reinforces the bullish bias and provides a clear directional framework for swing and intraday strategies.
Across these pairs, the behaviour is consistent:
This is the type of environment where Set and Forget’s approach shines. By using swing imbalances as your roadmap and intraday timeframes for refinement, you avoid overtrading, emotional entries, and the usual retail traps.
The trend remains bullish across most JPY cross-pairs. New demand levels are forming and gaining control, and the big-picture correlation with the Nikkei index supports the upward continuation.
For traders learning to trade forex with supply and demand, this is a perfect case study to understand the power of imbalances and price action.