TheMarketSource

SPY:USDJPY Weekly Comparison

FX:USDJPY   U.S. Dollar / Japanese Yen
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Wish there was more data on the weekly chart, but an interesting look at the strong negative/positive correlation relationship of the Yen and the SPY . The only thing I can really deduce from this, based on the period between 2005 and 2008 is watching for USDJPY to top out slightly ahead of US equities. May serve as a solid leading indicator for a trend change.

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