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USDX & USD/JPY Correlation Since September is Key

USDX & USD/JPY Correlation Since September is Key

2013-08-06 15:00:00
Eric Morera, Technical Strategist
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"USDX & USD/JPY since last September have been correlated very well and we think the $USDJPY is going to trade lower in the short term as bounces fail under 100 toward the 96 area. The move down from this high appears to be in seven swings which is corrective and as a bounce higher materializes in $USDJPY so should the $USDX." - Eric Morera, Elliottwave-Forecast.com

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