Remember The Nikkei Winning Streak? It's Alive

Last week we drew your attention to the fact that Japan’s Nikkei — one of the dogs of the whole year — was on a rare two-week winning streak. In other words, it was the best performing big market for two weeks in a row.

Well, it’s alive. From Doug Short, here’s the tally from last week:

chart

Japan likes it when the US dollar catches a bid, because that means a weaker yen, and higher margins for the country’s exporters. Thus while dollar strength correlates with “risk off” for the rest of the world, Japan remains out of step.

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