Hows that dollar doing???

Discussion in 'Trading' started by S2007S, Sep 18, 2007.

  1. USD/YEN is not always so closely correlated with the US equity markets.
     
    #11     Sep 18, 2007
  2. ssblack

    ssblack

    Aren't they something like 92% correlated?

    EDIT: That is, the USDJPY and S&P 500...
     
    #12     Sep 18, 2007
  3. Basis a static-swap.
     
    #13     Sep 18, 2007
  4. S2007S

    S2007S

    seems to me they have been, forget about 120, 118 is more like it when the dow gets to 14k.
     
    #14     Sep 18, 2007
  5. Aren't they something like 92% correlated?

    EDIT: That is, the USDJPY and S&P 500...



    I have that at .56 on the year (daily).
     
    #15     Sep 18, 2007
  6. Who cares? not the fed, not wallstreet, end of story.
     
    #16     Sep 18, 2007
  7. Near term, sure, but the relationship has not always been so tight. It is more closely correlated during stock market downturns than in upturns, and I expect that the inflationary impact of this rate cut will make the carry trade much less attractive.

    I am not exactly Mr. Forex here, so take my analysis cum grano salis.
     
    #17     Sep 18, 2007
  8. 114.52 last, -173 pips since my call.
     
    #18     Sep 20, 2007
  9. Canadian dollar hits parity for the first time since 1977. We'll now see a Canadian dollar that will likely be stronger than the US dollar.
     
    #19     Sep 20, 2007
  10. S2007S

    S2007S


    Is that the yen carry trade coming to a stop yet.
     
    #20     Sep 20, 2007