EUR/JPY Cross Could Reveal Clues For US Equity Market

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EUR/JPY Cross Could Reveal Clues For US Equity Market

By David Spurr on June 16, 2009 | More Posts By David Spurr | Author's Website

I’ve been religiously paying attention to the EUR to get some insight into the directional movements of the ES. I’ve started to watch the EUR/JPY cross a bit more closely. I did some reading on the EUR/JPY cross. It’s really the carry trade cross. Shorting the JPY at cheap rates and buying the EUR - yields a spread of .90% ; The spread is tighter than it used to be.

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