JPY Correlations Breaking Down: What Does It Mean? | Forex Factory

  • JPY Correlations Breaking Down: What Does It Mean?

    From efxnews.com

    The correlation between USD/JPY and the Nikkei is changing, notes Australia and New Zealand Banking Group (ANZ). "The correlation of levels has been coming off sharply. The correlation of levels is at its lows for the year, and the lowest since Abenomics became a realistic prospect in November 2013," ANZ finds outs. "Overall this supports the unfolding divergence between the two series in Figure 3. The Nikkei is towards the top of its recent trading range, while USD/JPY is towards the lower end. This is an important observation given the prevalence of Nikkei watching in the foreign exchange markets. As such, the broad ... (full story)

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spekitox
Oct 23, 2013 5:35am
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I don't see how can we "deweight Abenomics" if Nikkei securities are paid for in Yen and they are printing more Yen than newspapers these days.
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brucewhain
Oct 22, 2013 11:18pm
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JPY Correlations Article: What Does it Mean?
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Trader#49FA
Oct 22, 2013 11:35pm
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Not sure but glad I shorted on the H1 double top. A nice end to the day indeed...
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