This is the chart (correlations) between NASDAQ and the DXY. They have been in tandem recently and they both are trading very offered.
As a RESULT we have broken down USDJPY and it is a VERY DECENT CHART
Conditions are constantly shifting and we have to remain vigilant to the evolving landscape.
One of the effects this monetary policy will have on markets is that traditional correlations will pivot and new ones will emerge. The only truth will be found on charts, as price is the ultimate indicator of value.
We will continue to monitor this, for now USDJPY seems to be headed LOWER.