🚹 Something unusual just happened in Japan

For the first time since 2005, the Japanese yen and the Topix stock index are moving up together.

This is important because Japan usually works like this:

‱ Yen down → stocks go up

‱ Yen up → stocks go down

Now that pattern has broken.

In the last 12 months:

‱ Yen rose about 1% vs the U.S. dollar

‱ Japanese stocks jumped about 38%

Both rising at the same time is rare and often signals a major long-term shift, not just a normal trade.

In the past, this happened before big bull markets in several countries.

When the currency and stocks rise together, it means global money is flowing into that market.

I’ve worked in finance for over 15 years.

If I ever fully leave the markets, I’ll say it publicly.

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