We explore the correlation of JPY with the other currencies. As we expect JPY is heavily dependent in coal and oil making it to responds negatively to heavy commodities pairs AUD,CAD and NZD.
Bellow the two charts, the one with correlations and the other with currency market moves. Do we approach to the AUD & CAD overheat that needs a cooldown? Which currencies do depend more to se a opposite move from them taking the lead afterwards.
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| Correlation |
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| Market glance |
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