USD/JPY strange behaviour
I read USD/JPY is - 80% negatively correlated with eur/usd.
In first week of feb, when eur/usd was going down, USD/JPY was also going down- so no correlation worked.
Now i see eur/usd is going up, USD/JPY is also going up- again no correlation worked.
I cant understand USD/JPY behaviour. Can someone please let me know:
1) With which pair USD/JPY is highly corrleated?
2) Why the correlation of USD/JPY with eur/usd is not working?
Thanks in advance.
Here's an article that might help:
looks like that was one of the 20% non negatively correlated.
Thanks for responses...Strange USD/JPY.
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