EUR/JPY, USD/JPY, EUR/USD Correlations

Discussion in 'Forex Trading' started by KrispyKreme50, May 21, 2009.

  1. USD/JPY has broken out of a triangle to the downside, while EUR/JPY has not declined as much due to EUR strength. USD/JPY and EUR/JPY are normally correlated with each other, but their divergence seems to be suggesting that EUR/JPY is now following EUR/USD instead. Does anyone else see it this way?
     
  2. yes. EUR/JPY recently seems following EUR and GBP [

    QUOTE]Quote from KrispyKreme50:

    USD/JPY has broken out of a triangle to the downside, while EUR/JPY has not declined as much due to EUR strength. USD/JPY and EUR/JPY are normally correlated with each other, but their divergence seems to be suggesting that EUR/JPY is now following EUR/USD instead. Does anyone else see it this way? [/QUOTE]