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US Dollar to Japanese Yen vs US Youth Unemployment

US Dollar to Japanese Yen and US Youth Unemployment correlate at r = -0.75 over 27 years (1999–2025), p < 0.0001. With the time trend removed, r = -0.73. Holds up after detrending.

Verdict: Holds up after detrending. Statistically significant (p = < 0.0001) and the association survives trend removal (detrended r = -0.73). Correlation still isn't causation, but this one isn't an obvious artifact.

Pearson r
-0.75
p-value
< 0.0001
Years compared (n)
27 (1999–2025)
95% confidence interval
-0.88 to -0.52
Correlation with the time trend removed
-0.73

Sources

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