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US Dollar to Japanese Yen vs Atmospheric CO₂ (Mauna Loa)

US Dollar to Japanese Yen and Atmospheric CO₂ (Mauna Loa) correlate at r = +0.40 over 27 years (1999–2025), p = 0.040. With the time trend removed, r = +0.75. Holds up after detrending.

Verdict: Holds up after detrending. Statistically significant (p = 0.040) and the association survives trend removal (detrended r = 0.75). Correlation still isn't causation, but this one isn't an obvious artifact.

Pearson r
+0.40
p-value
0.040
Years compared (n)
27 (1999–2025)
95% confidence interval
0.02 to 0.68
Correlation with the time trend removed
+0.75

Sources

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Correlation does not imply causation. How the verdict is worked out.