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The Other Japan View (by LZ)

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Last post showed Nikkei and EWJ sporting potential tops, and added the context of Japan in recession. 

Japan isn’t a normal situation though, where recession would likely be bad for stocks. Japan is a potential monetary disaster in the making. Their currency sports a huge bullish base that has already broken out, and the target off both the large base and the consolidation from 2022-2024 is 175. 

Beyond 165 a larger base is complete. The rapid descent in USDJPY on the left side of the chart was caused by the 1985 Plaza Accord. Given Japan’s monetary follies the past three decades, a rapid ascent for USDJPY is well within the realm of possibility. 

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