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USDJPY NIKKEI TOPIX This is near the bottom, folks. Don’t expect USD to come crashing down against the Yen with the BOJ set to hike rates and the Fed coming under pressure to resume rate cuts. Expect a bounce off the 1W 200MA to complete Wave (4) and move to higher highs.

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SPY Japanese inflation rose to 3.2%. TOPIX looks ready to sell off. USDJPY still has room to move down. Not sure how much that matters to the American market, but it’s worth watching tonight.