To Breakout To The Downside

Highly similar to the CADJPY & CADCHF situation; this pair is also going to break out to more downsides... (I'm also expecting Crude Oil's temporary rally to end quite soon, & then resume to some lower lows...)

Additionally, the Japanese Yen (or JPY) is also known to be a very strong safe-haven currency; & it is most likely set to get progressively stronger for the rest of 2016...

The strength of the MXN is also highly influenced by the price of Crude Oil (just like the RUB & CAD)...