Three charts and one trade idea: Short GBP/JPY?

Posted by Jack Crooks - Black Swan Capital

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black swan“Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth”

                                                                                                          – Marcus Aurelius

 

 

It seems pretty clear the Japanese stock market and the Japanese yen are moving in unison, i.e. higher Japanese stocks and higher USD/JPY (yen weakens as stocks rally).  Below is an overlay of the Nikkei 225 Index and USD/JPY from early 2012 through today: