The market price in March 2022 continues to be overwhelmingly superior to the Australian dollar. However, another big event is happening. That is the crash of the Japanese yen. Japanese Yen is sold in all currency pairs such as USD / JPY, EUR / JPY, GBP / JPY, AUD / JPY, CHF / JPY, MXN / JPY, CAD / JPY and NZD / JPY. The crash doesn’t stop. With almost no buyback of Japanese yen, we don’t know how much it will sell.
USD/JPY
The chart below is the daily chart of USD / JPY as of March 2022. The Japanese yen has been on sale since the beginning of March, and even on a daily basis, it has risen most of the day. The US dollar is currently in a very strong situation, but it has easily broken through the highest price line of 116 yen and is now seeing 120 yen. The USD / JPY has been buying US dollars all the time over the last year, and the Japanese yen has been declining.
EUR/JPY
The chart below is the daily chart of EUR / JPY as of March 2022. The euro had plummeted and sold due to the invasion of Ukraine, but since the beginning of March there has been a one-sided buying of the euro. As of March, the war between Russia and Ukraine is continuing, and in the event of an emergency, the Japanese yen should always be bought, but on the contrary it is being sold.
GBP/JPY
The chart below is the daily bar of GBP / JPY as of March 2022. The euro had plummeted and sold due to the invasion of Ukraine, but since the beginning of March there has been a one-sided buying of the pound. As of March, the war between Russia and Ukraine is continuing, and in the event of an emergency, the Japanese yen should always be bought, but on the contrary it is being sold.
AUD/JPY
The chart below shows the daily AUD / JPY as of March 2022. The momentum of the Australian dollar has not stopped at all since the war between Russia and Ukraine, and 90 yen is finally visible. If it reaches 90 yen, it will return to the level of more than 10 years ago, and there is a possibility that a full-scale collapse of the Japanese yen will begin. The Australian dollar buying momentum in mid-March is so strong that it is unlikely to fall at all. Soaring crude oil prices have also triggered a surge in the Australian dollar.
CAD/JPY
The chart below shows the daily CAD / JPY as of March 2022. It’s almost the same flow as the Australian dollar. Soaring crude oil prices have also triggered a surge in the Canadian dollar. The buying pressure on the Canadian dollar has been so strong that it has continued to skyrocket for eight consecutive days. The momentum is unlikely to stop for now.
CHF/JPY
The chart below is the daily chart of CHF / JPY as of March 2022. The bottom is very hard, it does not break below 122 yen at all, and there is only upward momentum. It has exceeded 127 yen and is likely to rise.
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