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JohnKicklighter

USDJPY Is Perhaps the Best 'Risk' Measure of the Yen Crosses

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
JohnKicklighter  
FX:USDJPY   U.S. Dollar / Japanese Yen
10
1
The Yen crosses represent one of the FX market's most prominent risk-focused opportunities. Like chasing higher returns in dividend stocks or high-yield fixed income, the carry trade this represents is a well-known strategy. Among these crosses, few offer the consistent risk focus that USDJPY carries. Here we have the 20-day correlation coefficient for USDJPY vs the Nikkei 225 (Japan's equity benchmark). High and consistently high.
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