Understanding the USD/JPY and SPY Relationship
Understanding the USD/JPY and SPY Relationship The world of finance is a web of intricate connections, where various assets and markets often influence one another. Among the many relationships worth exploring is the correlation between the USD/JPY (United States Dollar/Japanese Yen) currency pair and the SPY (SPDR S&P 500 ETF Trust), which tracks the performance of the S&P 500 index. The Basics of USD/JPY The USD/JPY currency pair is a key player in the foreign exchange market, representing the exchange rate between the US dollar and the Japanese yen....