• Investing Insights & Exclusive Offers → Get Our FREE “Market Brief”
    Sign-up for our free weekly newsletter. Get unparalleled investing insights and exclusive Summer Sale discounts on Hedgeye research.

    Disclaimer: By joining our email marketing list you agree to receive marketing emails from Hedgeye. You may unsubscribe at any time by clicking the unsubscribe link in one of the emails. Use of Hedgeye and any other products available through hedgeye.com are subject to our Terms Of Service and Privacy Policy

The Japanese government made explicit comments last night that assure me, at the very least, that economic trends are deteriorating as fast as I thought they would. Testing the 109 level, the Japanese Yen is hitting it’s lowest level relative to the US Dollar since January, as a direct result.

Japan's Finance Minister, Ibuki, actually used the word "stagflation", joining Ben Bernanke as the other major central banking head to do the same in recent weeks.

My short term target for the Nikkei is 12,807.

*Full Disclosure: I remain short Japan via the EWJ (ETF).
KM
  • Japan's Nikkei Is Breaking Down
(Chart courtesy of StockCharts.com)