Nikkei bulls will be celebrating this morning as the index hits a new all-time high, and is within striking distance of the 44000 mark.
There aren’t many specific catalysts to point to for the move this morning, but always worth keeping the JPY in view when trading the Nikkei. The correlation isn’t perfect, but we usually have an inverse correlation between the Nikkei and the JPY.
So, not too surprising to see the JPY as the weakest currency on the board while the Nikkei hits fresh highs.
Let’s see if Bessent tries to spoil the party with more calls for the BoJ to hike rates 🙂
This article was written by Arno V Venter at investinglive.com.
