USDJPY and US Equities - Both Risk Barometers

FX:USDJPY   U.S. Dollar / Japanese Yen
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The S&P 500             is a good measure of risk trends. However, it has limits on short-selling interest and is smitten by the complacency behind buy-and-hold             crowds that were very dependent on stimulus. USDJPY             - and the yen crosses - are similarly good measures of sentiment, and they are less constrained to respond to risk aversion.
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