USD/JPY vs Nikkei vs Dow Jones/SPX

We are seeing in these two charts' analysis that Nikkei eventually meets USD/JPY. Currently correlation between these two is bit low, but eventually Nikkei will catch up with USD/JPY. So if we apply this correlation scenario with SPX vs. Nikkei vs. USD/JPY, I am seeing greenzone in SPX & Nikkei soon after correction to near 1200 on SPX. From technical level, USDJPY is ready to move ahead near 110, unless something serious fundamental event comes up.
Tags: × × ×

0 comments