CAD/JPY leads commodity Yen crosses generally higher today. CAD/JPY’s break of 81.91 resistance suggests resumption of whole rise from 73.80. Near term outlook will stay bullish as long as 81.16 support holds. Next target is 61.8% projection of 73.80 to 81.91 from 77.91 at 82.92.
AUD/JPY also breaches 78.46 high, suggesting that rise from 59.89 is resuming. Near term outlook will stay bullish as long as 76.90 support holds. Next target is 38.2% projection of 59.89 to 78.46 from 73.13 at 80.22.
Now, we’s have to see if NZD/JPY with catch up with a break of 74.03 resistance too. In that case, next target is 100% projection of 63.45 to 71.66 from 68.86 at 77.07.
