Gavekal Capital: The Yen is Selling Off Right on Schedule as Stocks & USD Rise

Wednesday, January 15, 2014

The Yen is Selling Off Right on Schedule as Stocks & USD Rise

We've noted on numerous occasions the almost eerie relationship between S&P 500 strength and the USD/JPY weakness and so far this year (and today) we have more of the same. The 103 level seems to be line in the sand for now, and the key level we'll be watching on the next bout of stock weakness.

Meanwhile, the USD has had a good few days and is up about .5% again today.

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