btocastillon

Understanding correlation in XAUUSD and USDJPY

Education
FX:XAUUSD   Gold Spot / U.S. Dollar
As we have been seen in the market the dollar is losing value. Since XAUUSD is consider a contrary economy to the dollar we saw a big rally up, which correlate directly with USDJPY, which yen also is consider a contrary economy

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.