The CAD/JPY currency pair, which expresses the value of the Canadian dollar in terms of the Japanese yen, has been on a tear recently. Since my last article covering this pair, which was published in mid-September 2019, CAD/JPY has risen by over 3%. The chart below shows the recent price action of CAD/JPY in relation to the publication date of that article (daily candlesticks are used).
(Chart created by the author using TradingView. The same applies to subsequent candlestick charts presented herein.)
In my prior article, my bullish case was mostly based on the