this used to be mainly in smaller Jap companies and I assume it still is....major breakout (priced in sterling) My only caveat is that half the high is major resistance level but I think it will break
Interesting that the move started 7 years from the high
It is also interesting how correlated their stock market "rally" is with the yen's collapse.
ReplyDeleteGregInBaltimore
well absolutely,this is a "reflation" trade (Japanese real estate stocks have doubled) and the currency is the other side of the coin
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