Japanese Yen Analysis: USD/JPY, CAD/JPY, AUD/JPY Price Action Setups

  • USD/JPY has fallen around 12% from its January high, but with several key levels of support nearby I am inclined to suspect this phase of the decline is much closer to the end than the beginning. CAD/JPY has formed a double bottom around a key support level, and AUD/JPY looks set to extend gains (over the near term).