Oil following yen???!!

Discussion in 'Trading' started by spanish89, Oct 28, 2008.

  1. Is crude oil actually following the yen, and baically not moving at all, beause of the dollar gaianing strength against the yen???

    (even though its weakinging agsint other pairs like aud, that id been saying since thursday to buy).

    Cos the dows rocketed over 700points, narly 10% today...

    yet oil has crashed down from its high, and is barley moving up at all in teh last 3hours!
  2. The global financial system seems to very correlated to the yen right now.