- Gold Trading | January 19, 2018
For several years, the gold price in dollars correlated strongly with Japan’s currency. But as gold starts to break from JPY, we can’t help but notice that other correlations have faltered in recent months, as well. Yen and eurodollars futures, for example, weren’t as tight as JPY/gold but it was close. There had been a clearly established mutual pattern for most of the past four years for all the same reasons.