Question:

Inverse correlation between stock indices and JPY?

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why does it happen?

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  1. If by stock indices you mean AMERICAN indices, if the US stock market goes down, so does the value of the US Dollar. The yen does not gain value against all world currencies, only the USD.


  2. Thats a well known correlation, as our markets decline foreign investors pull out their cash and convert it back to their home currencies so our dollar depreciates and other currencies in turn appreciate. Its part of the reason why the dollar isnt so hot right now.
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