Update on NKD: Dec 3, 2015

The Nikkei 225 is a great indicator of what’s happening with the yen carry trade.  It’s a “first derivative” of sorts that reflects the degree of yen bashing that’s going on, and also whether or not the BoJ is stepping in to prevent further losses.

So, when it approaches a potential bottom, like it is today, I always pay attention.

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