Exchange Rate, Yen Per Dollar and 10-Year Real Yield, U.S. Less Japan
Exchange Rate, Yen Per Dollar and 10-Year Real Yield, U.S. Less Japan The disconnect in real rates extends to the currency market. Image: Morgan Stanley Wealth Management
U.S. Dollar vs. Japanese Yen (USD/JPY)
U.S. Dollar vs. Japanese Yen (USD/JPY) This chart also suggests that the U.S. dollar remains relatively strong despite Fed action. Image: Alpine Macro
Gold vs. Japanese Yen
Gold vs. Japanese Yen This chart shows the strong correlation between the Japanese yen and gold, as they tend to offer similar safe haven characteristics. Image: Jeroen Blokland
Currency Sensitivity vs. VIX
Currency Sensitivity vs. VIX If VIX spikes, this chart suggests that investors should be long yen. Image: Nordea and Macrobond
Survey: What Is The Most Effective Risk-Off Hedge?
Survey: What Is The Most Effective Risk-Off Hedge? In the latest BofA Merrill Lynch edition of the FX and rates sentiment survey, a majority of respondents preferred 10-year Treasuries as the most effective risk-off hedge. Only 6% of respondents chose gold and the yen. Image: BofA Merrill Lynch