{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/cad-jpy-bullish-pressure-intensifies\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/cad-jpy-bullish-pressure-intensifies\/","headline":"CAD\/JPY Bullish Pressure Intensifies!","name":"CAD\/JPY Bullish Pressure Intensifies!","description":"CAD\/JPY increases as the JPY is weakened by the Nikkei\u2019s rally. As you already know from my analyses, the Japanese Yen is expected to depreciate when the Japanese stock index grows. We have a positive correlation between CAD\/JPY and Nikkei. Surprisingly or not, the Japanese Yen drops even if the Japanese data have come in […]","datePublished":"2021-08-31","dateModified":"2021-08-31","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/08\/CADJPY_2021-08-31_12-08-42.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/08\/CADJPY_2021-08-31_12-08-42.png","height":868,"width":1834},"url":"https:\/\/forexschoolonline.com\/cad-jpy-bullish-pressure-intensifies\/","about":["cadjpy"],"wordCount":239,"keywords":["CAD","cad\/jpy","Forex","JPY"],"articleBody":"CAD\/JPY increases as the JPY is weakened by the Nikkei\u2019s rally. As you already know from my analyses, the Japanese Yen is expected to depreciate when the Japanese stock index grows. We have a positive correlation between CAD\/JPY and Nikkei.Surprisingly or not, the Japanese Yen drops even if the Japanese data have come in better than expected today. The Unemployment Rate dropped from 2.9% to 2.8%, the Prelim Industrial Production dropped only by 1.5% versus 2.4% expected, the Housing Starts registered a 9.9% growth, while the Consumer Confidence was reported at 36.7 points versus 36.1 forecast.CAD\/JPY Technical Analysis!CAD\/JPY has managed to come back above the median line (ML) signaling strong buyers. It\u2019s trapped within a triangle pattern, a valid breakout from this pattern could signal an upside continuation.Also, making a new higher high, jumping and closing above 87.49 could activate further growth. Technically, the short term decline was expected after its previous swing higher. Now, it has moved sideways trying to accumulate more bullish energy before jumping towards fresh new highs.The next major upside target is seen at the ascending pitchfork\u2019s upper median line (UML). CAD\/JPY could move towards this dynamic resistance as long as it stays above the median line (ML). Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}