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Forex pairs in this Article » USD/JPY (Guatemala) - Sebastien Galy, Senior FX Strategist at Societe Generale notes the correlations and implications for the USD/JPY.

Key Quotes:

"While we are too early in this process for the broad USD, USD/JPY is giving us an indication that it will work as pre 2007. Betting on Abenomics means that the market has been playing mean-reversion strategies between USD/JPY and the US Treasury curve or Nikkei."

"As USD/JPY moves below its UST signal, systematic buying of USD/JPY kicks in, thereby reducing its volatility and reinforcing the surviving mean-reversion strategies."
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