You have to love the sideshow seen in the recently quite weak-Nikkei, as well as the Japanese Yen.
As you may know, a strong Yen can often bode poorly for many global equity markets, for a variety of reasons.
And when we see the Dollar/Yen currency cross on the pair’s daily chart below, the weaker this chart is the stronger the Yen.
Indeed, the recent false breakout by the Dollar now looks to have been a clear trap, with a further rally by the Yen entirely reasonable.
Simply put, I view this as another warning sign of a corrective equity market not yet done correcting.
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I expected a different type of photo… 😉
So you can shake your head at me? 😉
Exactly 🙂
😉
EWZ The moonshot looks tired.
a bit
HAHA i thought of something different too. But does this mean if I fly in to NYC this summer we are going there for sushi and drinks
hah
Stale soy sauce 😉