If the bullish pattern holds true, investing in the euro against the Japanese yen could still be worthwhile.
But there could be a lot more behind it:
- The strength of the currency pair could also be an indicator of rising inflation
- However, as the dollar is on the rise, it could simultaneously cause a loss of power in the currency pair, breaking the current bullish pattern.
However, it is worth remembering that when the USD gains against the JPY, the EUR gains against the JPY as well. So it's going to be interesting to see what's happening and what implications that shows us from a macro perspective.
Of course, one could now go into this topic much more. Each of the currency pairs has its own market indication and impact. All the more interesting to deal with them.
I'll just leave it as an idea though.
What are your thoughts?
But there could be a lot more behind it:
- The strength of the currency pair could also be an indicator of rising inflation
- However, as the dollar is on the rise, it could simultaneously cause a loss of power in the currency pair, breaking the current bullish pattern.
However, it is worth remembering that when the USD gains against the JPY, the EUR gains against the JPY as well. So it's going to be interesting to see what's happening and what implications that shows us from a macro perspective.
Of course, one could now go into this topic much more. Each of the currency pairs has its own market indication and impact. All the more interesting to deal with them.
I'll just leave it as an idea though.
What are your thoughts?
