I note the USP/JPY Forex has been manipulated to a higher than 'market' level as to keep metals prices contained. For those who don't follow precious metals, the USD/JPY runs inverse to gold pricing. BoJ is the Fed's best friend.
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Yes, this currency pair is the right now the true co-relator to gold's price, not the DXY. It is very strange that USD/JPY is running independent to the DXY. GREG, if u r seeing this, do u know what's happening? In recent days gold hardly responds to DXY changes and USD/JPY isn't falling in step with DXY.