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NZDJPY Follows The Equities As Risk On/Off Indicator

Discussion in 'Technical Analysis' started by Kaitlin, Apr 21, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    NZDJPY is one of the pairs pair that has a strong correlation to equities. Nikkei and DAX are +92/90 correlated to NZDJPY and that is extremely high correlation, so they are moving in the same direction. Most important Yen crosses USDJPY, AUDJPY, NZDJPY) are an excellent Risk ON/OFF indicator.[​IMG]

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