Thread: Why JPY is growing so much?
#1
If you look at all currencies XXX/JPY you will notice that the past week all the charts are strongly bearish. I’m not so much into news, fundamental analysis but I would like to know why this happened. I searched online for news and some explaination… found nothing. Someone who know well these things could explain to a poor technical analysis head? :slight_smile:
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#2
XXX/JPY pairs are usually very strongly correlated with stocks. Stocks down (as has been the case of late): XXX/JPY down.
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#3
So there is a sort of invert correlation between us stock market and JPY currency?
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