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rufffen · 12-07-2006, 15:43

Finally, one question needs to be addressed here, EUR/USD and USD/JPY have inverse correlation generally, meaning that if one goes up another item goes down. Since so many are expecting further losses on EUR/USD, can USD/JPY decline at the same time with EURO?

Id say this is an option, if the prices are yen-driven, i.e. if yen cross EUR/JPY declines on pure YEN action, EUR/USD might decline regardless of USDX action, this has happened before, and I don't see any reason that it can't happen again.

12-07-2006, 15:43	#25
rufffen Zone trading Join Date: Jun 2005 Posts: 1,057 Downloads: 2 Uploads: 0 Rep Power: 5	Re: EUR/JPY CYCLES UPDATE Part1 Finally, one question needs to be addressed here, EUR/USD and USD/JPY have inverse correlation generally, meaning that if one goes up another item goes down. Since so many are expecting further losses on EUR/USD, can USD/JPY decline at the same time with EURO? Id say this is an option, if the prices are yen-driven, i.e. if yen cross EUR/JPY declines on pure YEN action, EUR/USD might decline regardless of USDX action, this has happened before, and I don't see any reason that it can't happen again.