Correlation can also be when the correlation factor doesn't budge much from its prior readings. Its almost flatlined in my chart pic. And it is plain to see, with my eyes at least, my two Crude/USDJPY charts above it are almost in lookstep. Note my subchart with Correlation indicator is set for 250 trading days representing a year's worth of trading days. Not 30 days.
You should not make comments in quant space. You clearly have no clue what you are talking about. I value your other contributions but here you are clearly not understanding what is going on and how correlation is calculated and interpreted.
%% I see your points. NO sir\wrong assumption\ in that real estate context i was buying 95% land/ to resell + average hold time was 1 year or less. Most likely you are right on average debt holding period. NOT a prediction; but used autos are up-trending well. As far as the market, i track including but not limited to QQQ,TQQQ,SPY,SPXL, SDS.SPXS..............................10 minutes +/ until close /mostly up week for SPY,QQQ. Again\not a prediction............................................................................
What an incorrigible and arrogant guy. Just can't admit he got it wrong even when two guys corrected him and confronted him with hard, cold statistics. And always must have the last word. Dude, just move on to another thread.
https://www.bnnbloomberg.ca/day-traders-in-japan-bet-the-world-is-wrong-about-a-weak-yen-1.1743313 Japanese day traders have on average been much more successful than the average European or American day trader. Not that this has much bearing on the way forward but the Ms. Watanabes by any account made a killing in 2008/2009 yen moves up and subsequent decline.
Yen basket retraced last night's losses very quickly...probably nearing a bottom here unless a Ukraine resolution is found. Also more chatter coming out of Japan that they start to worry about inflation.
(Daily Upside) CURRENCY Japan is OK With a Wilting Currency, For Now The Japanese Meteorological Agency officially declared this week the start of cherry blossom season after full bloom reached Tokyo. But, amid the waves of flowering pink-and-white sakura trees, the country’s currency is doing its best imitation of a wilting office plant. On Monday, the Japanese yen fell to a seven-year low against the US dollar. The Bank of Japan is just fine with that. Diverging in Synthesis The immediate cause of Japan's falling currency is a fork in the road between central banks. The Bank of Japan has maintained ultra-low interest rates, while the US Federal Reserve has become more hawkish due to inflation. After the Fed’s recent rate hike, 10-year US Treasury bond yields are at 2.5%, literally 10 times the yield on a Japanese government bond. Antoine Bouvet, a senior rates strategist at ING, told the Financial Times it’s a “policy divergence on steroids.” Not surprisingly, since capital flows to where it’s treated best, the divide in rates has prompted a sell-off of the yen as opportunistic investors move with the tide. There’s a simple reason both countries, for now, are fine with the decoupling. A weak yen means the US pays less for goods from Japan, a welcome deal when 7.9% US inflation is upping the price tags on everything from Big Macs to Teslas. In return, Japanese companies get more sales and a profit boost when cash from their foreign subsidiaries is converted to yen. The BoJ is willing to intervene to keep things this way: • On Monday, the BoJ offered to buy an unlimited number of 10-year Japanese government bonds to prevent their yield from rising. The offer will stand through Thursday. • The yen fell as much as 2.4% to ¥125 per dollar. The BoJ estimated in January that a 10% depreciation of the yen would add 1% to Japan’s GDP, and the Daiwa Institute of Research predicts a 10 yen depreciation will add $12 billion in profits to Japanese firms. Purchasing Powerless: “A weak yen will further increase imported goods prices, possibly squeezing people's livelihoods in Japan,” wrote the editorial board of Mainichi Shimbun, one of Japan’s major newspapers, arguing there’s a human downside. “The yen's real effective exchange rate, an index showing the strength of a currency, is at a 50-year low.” When Enough is Enough: Some analysts wonder if the government will intervene to prop up the yen for the first time since 1998 if sell-offs go too far. “It’s desirable for exchange rates to move stably, reflecting economic fundamentals," Hirokazu Matsuno, the Japanese government’s top spokesperson, said Monday. “Any rapid movements are not desirable.”
Nothing really changed regarding policy stance between a few months ago and 2 weeks ago and now. Does not explain at all the acceleration I pointed out of the yen sell-off a few weeks ago. But as said already, yesterday's sell-off was retraced very quickly and large buyers came in. It is still hugely underpriced.