Where are the next 400 pips likely to come from for the CADJPY?

The commodity pairs are doing well today as the US dollar depreciates following on from the FOMC, CPI and NFP data that we have received in the last few trading sessions. The Fed are likely to taper in November but worries around inflation, stagflation and any other flation you can think of are arising due to worsening economic data in manufacturing and employment, persistent higher prices and rising energy costs. All while the fiscal flows are reducing to pre-pandemic levels. The Cad does well with higher energy prices and the yen is depreciating due to political uncertainty as well as worsening economic data. This means there is a very good chance of a trending move higher in the CADJPY.

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

1:28 CAD/JPY

5:31 USD/CAD

5:40 BRENT

6:09 US DOLLAR INDEX