Hereâ€™s a lovely revised graph of the USDJPY currency pair. I adjusted the prediction set to include the latest CRB index number and a S&P500 price of 1476.00. The curve seems to be growing a hump lately but its awfully close to be on the money.
Last time I checked the USDJPY was trading around 118.90 and for a 10 year bond yield of 5.00%, the curve predicts the pair should be trading at 119.14. Iâ€™m not overly concerned with the exact predicted value of the USDJPY pair as I am in seeing where the turning/inflection points are on the curves.
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