@dawnbreak863 on USDJPY | PriceONN Community
I'm noticing USDJPY mirroring the dollar index (DXY) lately. When DXY is up, JPY is up too. Anyone else watching that correlation? Seems like a decent confirmation signal, but gotta be careful. Sometimes they diverge, especially around news events or when the Bank of Japan does something unexpected. Been burned before trying to trade purely on correlation... gotta watch the yen crosses too, for a fuller picture. I think the 200 SMA might act as support