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WVS_Stockscreen

Disconnect - AUDJPY the tell for incoming RISK OFF

Australian Dollar / Japanese Yen (FX:AUDJPY)  
WVS_Stockscreen Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
Chart Patterns Technical Indicators Wave Analysis
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chartpattern indicator waveanalysis
AUDJPY, traditionally a marker for risk on/risk off has shown a complete DISCONNECT from equity indices (SPX = orange line) over the last 3-4 months.
This rally in stocks is UNSUSTAINABLE.
AUDJPY today potentially turning lower and could pressage a turn around for stocks over coming days/weeks.
Comment:
Well AUD/JPY was once again a great lead indicator for risk off/stock sell off. Thanks AUD and JPY.
Comment:
AUD/JPY continues to be the canary
Comment:
AUDJPY ....was the tell.....8 weeks ago seems like a lifetime in these markets
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