Factor Update, May 28, 2023
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Tag Archive for: Yen
Thoughts on a Weekend Afternoon, October 10, 2021
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Topix (and Nikkei Dow)
Continuation patterns continue to develop in the Japanese stock market indexes. The Topix Index traded in Osaka (TSE) displays a 12-week continuation rectangle (Mar 2 was an out-of-line movement). While the measured target in Topix is 1633, a swing target of 1775 is possible. Read More
Correlation of Japanese Yen with Gold
Gold Yen Correlation
Conventional wisdom has been abuzz lately about the Gold Yen Correlation. The two charts below are courtesy of my friend James Cutting of Nautilus Capital. Indeed, on the basis of a 63-day Gold Yen Correlation (I have no idea how James determines these time periods) there is presently a .85 correlation between the two markets. The second chart in this series shows that since 2013 there has been a fairly consistent correlation of at least .50 between the markets.
Read MoreFactor Alert, Japanese Yen, October 27, 2016
The focus of this commentary is on Yen futures and spot USD/JPY. Remember, a bearish outlook for Yen futures is equivalent to a bullish outlook for the USD/JPY spot rate.
Read MorePeter Brandt’s Charting Tool
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