Hows that dollar doing???

[smilingsynic]

Quote from S2007S:

Dow 14k would put it around 120.

USD/YEN is not always so closely correlated with the US equity markets.

 

[ssblack]

Quote from smilingsynic:

USD/YEN is not always so closely correlated with the US equity markets.

Aren't they something like 92% correlated?

EDIT: That is, the USDJPY and S&P 500...

 

[atticus]

Quote from ssblack:

Aren't they something like 92% correlated?

EDIT: That is, the USDJPY and S&P 500...

Basis a static-swap.

 

[S2007S]

Quote from smilingsynic:

USD/YEN is not always so closely correlated with the US equity markets.

seems to me they have been, forget about 120, 118 is more like it when the dow gets to 14k.

 

[jasonleonard]

Aren't they something like 92% correlated?

EDIT: That is, the USDJPY and S&P 500...



I have that at .56 on the year (daily).

 

[myminitrading]

Quote from S2007S:

Anyone know??


:eek:

Who cares? not the fed, not wallstreet, end of story.

 

[smilingsynic]

Quote from ssblack:

Aren't they something like 92% correlated?

EDIT: That is, the USDJPY and S&P 500...

Near term, sure, but the relationship has not always been so tight. It is more closely correlated during stock market downturns than in upturns, and I expect that the inflationary impact of this rate cut will make the carry trade much less attractive.

I am not exactly Mr. Forex here, so take my analysis cum grano salis.

 

[atticus]

Quote from S2007S:

Im sure it goes to 120.

114.52 last, -173 pips since my call.

 

[Ivanovich]

Canadian dollar hits parity for the first time since 1977. We'll now see a Canadian dollar that will likely be stronger than the US dollar.

 

[S2007S]

Quote from atticus:

114.52 last, -173 pips since my call.

Is that the yen carry trade coming to a stop yet.