TradingView
laughingchartist
Mar 20, 2024 2:04 AM

Correlation between JPY strength and NIKKEI 

NIKKEI 225 INDEX FuturesSGX

Description

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.
More