Inverse correlation between Bunds and USD/JPY

Bunds and USD/JPY             are inversely correlated since June 2015. This is precisely the time when market began questioning the efficacy of the BOJ policy and Yen began to rise.

Prior to June 2015, Bunds and USD/JPY             pair shared a direct relationship…given that stimulus in Kapan pushed bond prices higher across the globe.

10-yr Bund