There’s been a Japan trade that’s been ultra hot for really the past couple of months.
Thanks to the new Japanese PM (who has promise aggressive monetary easing) the yen has been weak and the Nikkei has been super strong. Both have made violent moves.
But that’s pausing a bit this week.
On Monday, the Nikkei fell and the yen strengthened.
And that’s happening again today.
From Nikkei.com, here’ the Nikkei
And here’s the dollar weakening against the yen.