Both Say the Same Thing. Inflation = risk on 'hot', deflation = risk off 'cold'. Actually FXA:FXY tells the tale better than UUP:FXY Thin of FXA as 'hot' UUP as 'warm', and 'FXY' as cold. http://stockcharts.com/c-sc/sc?s=FXA%3AFXY&p=D&yr=3&mn=0&dy=0&i=t21516480133&r=1476454968952 ...is the fourth time the charm when FXA breaks...and stays, above the 200? Time will tell. Hope this ans. the question.