AUDJPY, traditionally a marker for risk on/risk off has shown a complete DISCONNECT from equity indices (SPX = orange line) over the last 3-4 months.
This rally in stocks is UNSUSTAINABLE.
AUDJPY today potentially turning lower and could pressage a turn around for stocks over coming days/weeks.
This rally in stocks is UNSUSTAINABLE.
AUDJPY today potentially turning lower and could pressage a turn around for stocks over coming days/weeks.
評論:
Well AUD/JPY was once again a great lead indicator for risk off/stock sell off. Thanks AUD and JPY.
評論:
AUD/JPY continues to be the canary
評論:
AUDJPY ....was the tell.....8 weeks ago seems like a lifetime in these markets