Return to the Land of the Sinking Currency?

In not making a higher high before turning down below the daily SMAs 50 and 200 the Japanese Yen has painted itself vulnerable, at best. We have been noting the constructive look of the Nikkei in NFTRH and with this market especially, the currency aspect plays a big role.

yen

Japan’s stock market and its currency have, after all, been pretty well negatively correlated for about 5 years.

nikkei and yen

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