@kwhite973 on USDJPY | PriceONN Community

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K
USDJPY's been following a similar pattern to GBPUSD lately, almost like a mirror image. When cable drops, this pair seems to rally. Anyone else seeing this inverse correlation? Could be a good hedge play if it keeps up. I'm watching both closely for confirmation before making any big moves.
USDJPY

Replies (1)

K
kwhite973 PRO newbie Mar 11
played out like I expected btw, nice 😄

Oh, and another thing about that GBPUSD correlation... I think it's tied to risk sentiment. When risk is on, cable tends to outperform, and USDJPY takes a backseat. Risk off, and the flows reverse. Keeps things interesting, that's for sure.

I'm thinking the 159 level is key for USDJPY. If it breaks convincingly, we could see a run towards 159.50. But if it rejects, look out below. I'm setting alerts either way. Good luck out there, folks.
EURUSD 1.16237 -0.06%
GBPUSD 1.34389 -0.18%
USDJPY 159.87350 +0.00%
XAUUSD 4,465.30 -0.50%
XAGUSD 73.48 -2.16%
BTCUSD 62,923 -6.90%
SP500 6,572.87 +0.74%
BRENT 99.22 +0.34%
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