AUDJPY leads SPX moves
September 22, 2020 Leave a comment
A little short-term macro correlation illustration
Below is a 5 minute chart of the AUDJPY versus the S&P 500 mini futures. <AUDJPY is in blue>
Beyond the correlation, note how the currency tends to lead the equity index.
I’ve placed a couple circles to show when a decline in the AUD against the Yen coincided with a fall in the S&P 500 futures.
September 22, 2020
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 