claydoctor

USDJPY EURUSD SPY correlations

FX:USDJPY   U.S. Dollar / Japanese Yen
1
Not sure really why, but when these correlate I feel much better about my trades. EURUSD INVERSE TO USDJPY AND WHEN SPX500 AND USDJPY and in tandem. Hope this trend continues. It may simply be that when they Yen is weaker to the dollar, US markets and all markets trade lower when the Yen is weaker. Why, I do not know. But the Yen seems to have a huge effect on the dollar trade and then markets correlate to that, up or down. I just trade what I see, and these correlations make me trust my charts more for short term direction. A lot of people I know bet on the dollar going higher yet again, but I am not so sure of that.
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