Canada and oil have a .78 since the early 2000's. I believe oil will remain weak and will continue to put pressure on Canada's economy. Additionally, Japan has not signaled any sign to enhance anytime soon. In light of that, I do not expect their market to do extremely well, nor do I believe we'll see a huge push lower in the Yen. Lastly, when the US equity market does poorly, capital flows to the Japanese Yen for safety - at least historically.
At some point I expect the trend to reverse. When? I have no idea. But the technical's are certainly telling me the trend will continue for now.