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?
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]