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laughingchartist

Correlation between JPY strength and NIKKEI

NIKKEI 225 INDEX Futures (SGX_DLY:NK1!)  
laughingchartist  
SGX_DLY:NK1!   NIKKEI 225 INDEX Futures
Trend Analysis Technical Indicators correlation trading Technical Analysis trend
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trendanalysis indicator correlation trading technicalanalysis trend
We cannot treat the Japanese market similar to how we treat the west.

Traditionally, when a currency strengthen, the respective stock index will dip.

However, here we see that whenever USDJPY drops (aka JPY strengthens), the NIKKEI actually continues to rally or at least consolidates sideways.
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
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