Potential EURJPY & AUDJPY breakout trade idea

In recent years, the yen has been weakening, but a retracement or consolidation is necessary after an extended period. The good news is that, due to divergence in monetary policy between the Bank of Japan and the rest of the world, breakouts that eventually come for the resumption of the trend are volatile and long-lasting. Today’s price action shows the yen significantly weakening against its peers, so any currency with momentum or bullish sentiment is a good bet against the yen. 

For more trading details, please check the hyperlinks with time stamp indicated from the video:

2:19 AUD/JPY

2:46 EUR/JPY