Signs of a shift from rising stocks and a weak yen to falling stocks and a weak yen!

Since the beginning of the year, the Nikkei Stock Average has continued to rise in tandem with the dollar/yen rise,3and in the latter half of March touched an all-time high41,000yen level, but since then the correlation has begun to break down. The dollar/yen rose from150yen to160yen level, yet the Nikkei average plummeted to around36,000yen briefly. Here is an explanation of the recent inverse correlation.