AUDJPY – CORRELATION TO RISK. by discobiscuit | Sep 17, 2021 | ACTIONABLE CHART, CORRELATIONS CHART, FRAMEWORK, FX WATCH LIST | 0 comments 09.17.2021 The CORRELATION to RISK has been STRONG all through the REFLATION TRADE. We feel that any BOUNCE in RISK could be used to position defensively in AUDJPY.