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To: Pianoman1997 who wrote (56817)1/23/2018 10:55:37 PM
From: stuffbug  Respond to of 60918
 
crossing 108 here would make gold take off
Or is it "if gold takes off, USD will drop below 108"?

Hard to know which asset leads, sometimes currencies sometimes gold, but the relationship is true.
Solid fundamental reasons for the correlation.
Gold and JY are both considered to be risk-off assets.

Gold is always risk off, JY, for now, is risk off.



To: Pianoman1997 who wrote (56817)1/23/2018 11:14:32 PM
From: Wade  Read Replies (1) | Respond to of 60918
 
Yup! Other major currencies are all making big moves at here. It is not just Yen now.

Yen-Gold price is about 5% from its ATH. We shall see.


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