Update: As of Dec 09, 2016 Breaking Dawn to Rise for the #NK225 Aligned #USDJPY and its Correlated #HEWJ ETF as an Effective Strategy still active to this point.
#Nikkei 225 @19042 high has been marked in the market, driving a strong move for the #USDJPY nearing the 115.50 target levels mentioned in our "CORRELATION STRATEGY" trading @115.22 to this writing. Meanwhile the ISHARES Currency Hedge Japan ETF (HEWJ) is already @28.30 from its breaking price point of 25.00. Thus all in line with our market call.
While this is also supported from a #USD price recovery after #ECB President Mario Draghi left rates unchanged with the exception to cut its bond-buying policy to 60B instead of the regular 80B which would likely be extended thereafter. This drove the #EURUSD now currently @1.0556 levels to this time in the US session.
Chart Overlay on Cloud: USDJPY, NK225, HEWJ,
TIP #3 The NK225 rally would likely be the same exceptional experience & price action of the #DOW, while the #USDJPY weakness is still in play. The similarity with the DOW's strength when the #USD declined from the 1st two QE policy of the Federal Reserve was set into motion.
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