I am you have seen that the Nikkei climbed up by about 3.8% today. It is the largest percentage gain among the Asian stock market indices.
Is it Coincidence that Nikkei UP while JPY Falls?
What a coincidence that I observed the USD is climbing UP too against JPY and it is crossing up the 200 period moving average in the hourly chart. Which means, there is a chance that JPY is possibility to be weaken in the coming weeks. Weaker JPY is definitely better for Japan economy as Japan relies on the expert business to US.
So, I believe that there is NO coincidence that Nikkei UP while JPY Falls… There are some smart investor always rely on this kind of negative correlation to trade in the stock market to your favour.
Many of us do not usually trade index future too, it is time you can start looking Nikkei ETF for a good buy signal now.
Trade with care!
USD-JPY is Climbing UP
DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.
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