Yen and Topix Index Correlation Turns Positive for First Time Since 2005

Odaily News: The Kobeissi Letter posted on X platform, stating that the Japanese market is making history as the correlation between the yen and the Topix stock index (Tokyo Stock Price Index) has turned positive for the first time since 2005. This indicates that the yen and Japanese stocks are moving upward in sync. Over the past year, the yen has appreciated by 1% against the US dollar, while the Topix index has risen by 38%. Historically, such patterns have typically emerged during prolonged bull markets, such as in Japan from 1982 to 1990, Germany from 1985 to 1995, and China from 2000 to 2008.