- US Dollar breaks key resistance versus Japanese Yen, but not out of woods yet
- Strong forex correlations to US Treasuries and the Nikkei 225 warn of downside
- Retail FX Trader Sentiment Not yet Supportive of USDJPY Gains
Follow any updates on the Dollar, Yen, and other currencies via this author’s e-mail distribution list.
US Dollar Making a Run above Key Resistance versus Japanese Yen
Source: FXCM Trading Station Desktop, Prepared by David Rodriguez.
USDJPY Correlation to US 10-Year Treasury Yield Trades Near Record-Strength
Data source: Bloomberg, Prepared by David Rodriguez
US 10-Year Treasury Yield Failing at Key Levels
Source: FXCM Trading Station Desktop, Data Source: Yahoo Finance, Prepared by David Rodriguez.
Japanese Nikkei 225 has not Broken Higher, Remains near Long-term Resistance
Source: FXCM Trading Station Desktop, Data Source: Yahoo Finance, Prepared by David Rodriguez.
Retail FX Trading Crowds Remain Long the USDJPY
Data source:FXCM Execution Desk 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.
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
