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♻️FX Correlations: EURJPY Pulls Back

Writer's picture: Rosbel DuránRosbel Durán

**As seen in Macro Walk report 05/14/2022, cablefxm.co.uk/reports


  • The euro yen cross has been positively correlated to the 5-year yield, as shown in the cross asset correlation section of the Macro Walk. Recently, pull back in JPY weakness has dragged the quote lower to 134.72, this is reflected in the short-term correlation which has significantly weakened. The 25-day CC stands at 46%, off from 77% seen in March. The difference between the long-term and short-term correlation coefficients is negative, this is shown in the last table of the cross asset correlations' section



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