USD/JPY Glides Lower Amid Weakness in U.S. Equities
November 20, 2009 - 2:45 pm by Primefx · Leave a Comment
The USD/JPY hovered below our 1st tier uptrend line earlier today as we witness a broad-based selloff in riskier investment vehicles. Investors have indicated a preference for the Yen over the Dollar when heading for safety, meaning the USD/JPY could experience a positive correlation with U.S. equities should present weaknesses accelerate.
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