Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 691.88

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Jan 30 4:00 PM EST

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Hawkmoon

To: Hawkmoon who wrote (89346)	1/30/2017 9:22:09 AM
From: John Pitera	1 Recommendation of 222702

HI Hawk, that analysis of the USD/JPY moves is very brief and was written by someone who does not follow the currencies.. in detail or for very long. the Yen has periods when it moves along with the USD and periods where it is uncorrelated. It has experienced much larger deviations both positive and negative in the past 15 months. they are using ETF's..... and *the UUP is the USD index which is a basket of currencies were the EUR is the largest weighting and many other currencies in the basket.* the other currencies in the basket can completely negate what the Yen is doing if it was a serious article they would be showing you a chart of $/Yen..... and not the UUP and the FXY which does not track the USD/JPY that accurately either. If you asked the writer about what the EUR/JPY crossrate had done this past year, they would not have an answer. John

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