A Notorius Nikkei/Yen Correlation

01/15/14 04:35PM EST

We've been banging the Japanese gong a lot lately. For good reason.

Take a look at the -0.97 long-term TAIL correlation trending between the Yen and the Nikkei.

Pretty remarkable.

A Notorius Nikkei/Yen Correlation - If You don t know

The Yen had its first down day of consequence versus the US Dollar yesterday. Guess what happened?

Of course. The Nikkei jumped +2.5%.

Correlation matters.

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