The speed of rare yen depreciation and stock price rise 荒野浩の『テクニカル・ルームから』 → Translation: “From the Technical Room” by Kouya Hiroshi? Wait, proper English translation:

Delivery date: 2016/11/16 07:45

The trend of yen depreciation is determining the stock price ceiling

On 11/09, when the intraday range of the Nikkei average (high - low)
was 1,316 yen with large swings up and down, the dollar/yen
market and the Nikkei average stock price high and low were as follows.
.

Using the yen's high in the afternoon on 11/09 as the high and
the stock as the low, the yen's recovery led the stock price to
end the April high on a closing basis as well as on a intraday
basis, giving the impression that it has broken out of a range. If we show the high stock prices and the low yen in Tokyo time for the four trading days from 11/10 to 11/15,

Dollar-denominated Nikkei 225 at about 164 dollars?

The dollar-denominated Nikkei stock price is stable in the early 164-dollar range, and viewed differently, the yen depreciation is progressing so that the dollar-denominated display shows 164 dollars as the Nikkei stock price rises. Even so, in just five trading days the yen depreciated by more than 7 yen in dollar/yen terms, and the Nikkei stock price rose by a little over 1,600 yen, which is remarkable. The recovery from the turmoil after the UK’s Brexit decision took 18 trading days, with the dollar/yen moving by 8.49 yen and the stock price rising by 2,074 yen, illustrating how fast that pace was.










Approaching the big level

Yesterday, even when hitting the 108-yen range, the stock responded only weakly, so it gave the impression that the Trump phenomenon might be taking a breather; however, during the US time, the yen weakened to 109.34 per dollar, and the Chicago futures settlement rose to 17,900. It is expected that today’s Tokyo market will be movements aware of these levels.







A big level of 1 USD = 110 yen and the Nikkei index at 18,000 appears to be within sight.
Whether that level will be achieved and held, or whether it will be before the big level that is a bit questionable, but the populus of Trump phenomenon’s backbone in US stock prices is starting to be felt, and it seems not strange for Tokyo market to achieve a sense of accomplishment at this level.