Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

DailyFX Home / Technical Analysis / Articles / Forex Correlations

Dollar at Make-or-Break Levels versus Yen - Big Market Moves Ahead

By , Quantitative Strategist
20 May 2014 15:00 GMT

- US Dollar at critical risk versus Japanese Yen – this time might produce the break

- Strong Yen link to US Treasury Yields and Nikkei 225 puts markets on edge

- Extremely one-sided retail forex trader sentiment consistent with market turns

Follow any updates on the Dollar, Yen, and other currencies via this author’s e-mail distribution list.

Dollar Holds key Technical Support versus Japanese Yen, but for How Long?

Dollar at Make-or-Break Levels versus Yen - Big Market Moves Ahead

Source: FXCM Trading Station Desktop, Prepared by David Rodriguez.

USDJPY Link to US Treasury Yields puts it at Clear Risk

Dollar at Make-or-Break Levels versus Yen - Big Market Moves Ahead

Data source: Bloomberg, Prepared by David Rodriguez

US 10-Year Treasury Yield at Important Risk of Breakdown

Dollar at Make-or-Break Levels versus Yen - Big Market Moves Ahead

Source: FXCM Trading Station Desktop, Data Source: Yahoo Finance, Prepared by David Rodriguez

Japanese Nikkei 225 at Critical Support

Dollar at Make-or-Break Levels versus Yen - Big Market Moves Ahead

Source: FXCM Trading Station Desktop, Prepared by David Rodriguez.

USDJPY Positions at Levels Consistent with Important Near-Term Lows

Dollar at Make-or-Break Levels versus Yen - Big Market Moves Ahead

Source: FXCM Retail FX Positioning Data, Prepared by David Rodriguez.

Follow any updates on the Dollar, Yen, and other currencies via this author’s e-mail distribution list.

Forex Correlations Summary

View forex correlations to the S&P 500, S&P Volatility Index (VIX), Crude Oil Futures prices, US Treasury Yields, and Spot Gold prices.

Dollar at Make-or-Break Levels versus Yen - Big Market Moves Ahead

Data source: Bloomberg. Chart source: R SEE GUIDE ON READING THE ABOVE CHART

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.

Contact and follow David via Twitter: https://twitter.com/DRodriguezFX

20 May 2014 15:00 GMT