Cad/Yen

In the last post, I talked about equities, its relationship to the CAD/JPY, and the six month trendline that it broke. The following could be a fundamental confirmation from today's Action Forex...

...And some economists viewed that considering the sharp appreciation of Canadian from March to late May, it's logical to see some realignment. No matter what, Canadian dollar is noticeably weak against Yen and Euro. In particular, CAD/JPY is the only yen crosses that's sustaining below medium term trend line.