An Odd Ripple In Nikkei And Yen Correlation

By Gary Tanashian of Notes From The Rabbit Hole
Wednesday, February 26, 2014 7:44 AM EDT

Over in the Land of the Sinking Currency the Nikkei popped above resistance yesterday while its whipping boy in the mirror, Johnny Yen, also showed strength and held support.

nikk.yen

Nikkei and Yen daily, from NFTRH 278

One signal is real and one is Memorex.  The Nikkei and Yen correlation is likely to go back to inverse before long as policy makers attempt to use inflationary manipulation of the currency to spur asset market prices.

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