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Nikkei 225 Technical Analysis: No Clear Sign Of Altitude Sickness
The Nikkei 225 is perhaps the Asia/Pacific index most inclined to reflect the exhuberance of Wall Street where record highs for Dow, S&P, Nasdaq or all of them at once are now so common as to be barely worthy of remark. The Japanese benchmark is nowhere near its own record peak. That was hit way back in 1989. However, the index has scaled two year tops this week, boosted by US vigor and the prognosis that the Japanese Yen should weaken in the quarter ahead. This prospect always suits Japan’s plentiful export titans whose goods stand to look more attractibe to US consumers. So there are the fundamentals. But how safe ... (full story)