Japanese markets are making history: $RPL

$INIT The correlation between the Japanese Yen and the Topix stock index just flipped positive for the first time since 2005. $POWER

This means both the Yen and Japanese stocks are rising together, a rare historical signal in this market.

The shift comes as the Yen has strengthened +1% against the USD over the last year while the Topix index has rallied +38%.

Historically, such a pattern has typically occurred during secular bull markets like Japan in 1982-1990, Germany in 1985-1995, and China in 2000-2008.

Keep watching Japan.