USD/JPY Bouncing, But Skepticism Remains Below 118.60 Barrier

Discussion in 'Technical Analysis' started by Kaitlin, Jan 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Earlier today, my colleague Fawad Razaqzada discussed the Nikkei 225 and whether Japan's most widely-followed stock market index was forming a double bottom or merely seeing an oversold bounce. While the correlation is not perfect (no intermarket correlation is!) that bourse and many other equity indices are closely correlated with[​IMG]

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