USD/JPY has been the driver for a lot of different asset classes for quite some time. It showed unusually high correlation with SPY, gold, silver and the miners. The atrocious ending action near resistance may prove to mark at least some form of rally in the precious metal space:

 

USDJPY

USD/JPY (Daily)

 

Gold, Gold & Silver Stocks, Silver, Silver & Guld No Comment , , , , , ,

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