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US Dollar Surges versus Yen - Focus shifts to FOMC Minutes and Fed policy as correlations to yields surge

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by , 11-21-2014 at 01:27 AM (1340 Views)
      
   
The US Dollar continues to surge versus the downtrodden Japanese Yen. What could determine whether the USDJPY breaks even higher?

Source: FXCM

Strong Correlations to US Treasury Yields Keep the US FOMC Minutes, Fed Policy in Focus



Our Retail FX Data Sample Shows Short Interest in USDJPY Hits Record, Favors Gains



Forex Correlations Summary

View forex correlations to the S&P 500, S&P Volatility Index (VIX), Crude Oil Futures prices, US Treasury Yields, and Spot Gold prices.



--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies.

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