Editor's note: This is a brief excerpt from Hedgeye research. For more information on how you can become a subscriber click here.
After posting the best Japanese auto sales number in 14 months, the Yen continued its latest run higher and is finally signaling immediate-term TRADE overbought vs US Dollar.
No. The Nikkei definitely does not like #StrongYen. It closed down -2.1%, leading the losers in Asia overnight. Japanese stocks are oversold right now.
Yes. It's a good spot to buy.
