It seems to me that the longer term trend of the US dollar is in a downward trend and so I expect USDJPY to behave no differently. Over the next few years this downward trend will assist with higher gold prices. Although the two aren't perfectly correlated, it is probably the best inverse correlation (USDJPY and XAUUSD). I think the supporting range of 100 - 125 will break down. So bullish outlook for gold over the next few years but there will be the ups and downs of course... The US central Bank needs to stop printing so much money... what do they expect is going to happen?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.