【Feature: Target Currency Pairs】AUD/JPY and CAD/JPY going forward — not major currency pairs, but highly popular among Japanese investors. Now is a buying opportunity! — [Okachan-man]

Okachanman-san Profile

Starting FX in 2011, he now lives a comfortable life as a full-time trader. He is also active as a core member of "Trade Team Inishie." He specializes in swing trading based on fundamental analysis.

Twitter：https://twitter.com/jn6gtz

Okachanman-san sees the current AUD/JPY and CAD/JPY like this!

◦ AUD/JPY

AUD/JPY, which has a close relationship with the Chinese economy, is in a situation where it tends to be sold. However, if risk-off subsides, it should gradually be bought. Also, last year the RBA repeatedly cut rates, and this year in March a rate cut was decided. On the other hand, as China decoupling progresses, if the impact of the novel coronavirus settles, it is expected to turn upward toward the second half of 2020.

◦ CAD/JPY

Crude oil prices, a major industry, have collapsed due to the breakdown of OPEC+'s coordinated cuts, so CAD/JPY, which had been steady, is expected to continue to be sold. However, a plunge in crude oil below $20 is unlikely, and it should bottom around $20 and rebound by year-end. CAD/JPY is also likely to rise in tandem with crude oil prices.