Gold vs. Japanese Yen This chart shows the strong correlation between the Japanese yen and gold, but also the divergence in recent months. You may also like “Gold Bullion and Market Capitalization of Global Negative Yielding Debt.” Picture source: Jeroen Blokland
Currency Sensitivity vs. VIX If VIX spikes, this chart suggests that investors should be long yen. Picture source: Nordea and Macrobond
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. Picture source: BofA Merrill Lynch
