Krelian99 wrote: Fri Jul 20, 2018 5:01 am

FX is always about currency pairs, but you meant the correlation of the pairs. NTL, I would see a high correlation across all tfs to the pairs (description referred to base currency):

AUDJPY-NZDJPY-CADJPY (the resource or commodity pairs),
GBPJPY-EURJPY (producing or anti-pairs to USD),
USDJPY (consumer).
CHFJPY (safe haven, both CHF and JPY are safe haven currencies, that's why the correlation of CHF to EUR is good and very stable and to USD can be high).