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USD/JPY may follow Nikkei’s big breakout after Japanese elections

October 20, 2017 8:11 AM
Underscoring investors’ insatiable appetite for risk, Japan’s main Nikkei index rose for the 14th consecutive day, which was one the longest winning streaks ever recorded. The USD/JPY, which tends to rise and fall in tandem with stocks, also gained ground, helping the Dollar Index to break its two-day losing streak.

Nikkei: double bottom reversal or just an oversold bounce?

January 14, 2016 1:25 PM
<p>As we reported earlier today, crude oil is currently driving almost everything at the moment. In particular, it has been correlating positively with the equity markets due to oil’s obvious impact on the energy stocks. So, when oil prices bounced back from the key $30 handle today, the severely oversold energy stocks jumped and global indices and ...