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Are forex prices predicting recession?


Japanese yen is experiencing price extremes in major pairs such as EUR/JPY and USD/JPY  

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  1. 1. Are forex prices predicting recession?

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This week, Japanese yen is experiencing price extremes in major pairs such as EUR/JPY and USD/JPY. Traders watch as the euro-yen pair nears 160.00 for the first time in over a decade, and the US dollar similarly climbs towards 150.00 against the yen.

IG Strategist Frank Kaberna investigates the coincidences that have occurred between stock market crashes and currency price extremes. Learn how these traditionally uncorrelated assets have experienced similar trends during past times of market stress and what to look for this time around.

 

Intro: (0:00)

EUR/JPY hits new high since 2008: (0:18)

USD/JPY back to high since 1998: (2:24)

Forex extremes correlate to crashes: (3:08)

Why do price extremes tend to correlate: (4:26)

Will extremes subside without a crash: (6:10)

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