Nikkei vs USDJPY

This chart tells us the Nikkei will outperform the USDJPY             pair. I was thinking this week how amazingly resilient the Nikkei has been even with the Yen rising so much this year. But the correlation is mostly applicable on a very long term basis (monthly).

Correaltion shown in chart below. Since 2005 the correlation has been very positive.
Comment: Sometimes the spread makes more sense than anything else. This continues to be the preferred trade when looking at the Nikkei and USDJPY from a risk and probability perspective.
Trade closed: target reached
you are very right..I have exactly the same view.
+1 Reply
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