Shorting Japanese Hockey Stick

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I haven’t monkeyed around with Japan for a long time, but the Nikkei’s ascent (fueled entirely by a crushing of their currency) is just plain dumb. I’m shorting this ridiculous move by way of DXJ, which is a hybrid of both their currency and their stocks. Because the graph’s ascent is so sharp, I had a lot of empty space, so for no particular reason I’ve put in a picture of a Japanese woman’s legs wearing boots. So to you fetishists out there: you’re welcome.

0516-dxj

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