Nikkei Holding Up Despite Yen Weakness and CPI
Watching the Nikkei performance closely. Despite the JPY showing some persistent weakness, especially given the recent CPI prints, the Nikkei has managed to hold its ground remarkably well. The yen's move hasn't fully translated into the expected boost for exporters, yet domestic demand seems to be providing underlying support. My watchlist is focused on identifying any rotational shifts within sectors that could benefit from this internal resilience, perhaps domestic-facing industrials or consumer discretionary names if inflation doesn't eat too much into purchasing power. $LUNA, $CADUSD are on the periphery, but the primary focus remains on Tokyo's internal dynamics. Curious to see if this trend holds or if a stronger global macro signal eventually pulls it one way or another.
Yeah, it's an interesting divergence for sure. I wonder how much of that domestic support is sustainable if the yen continues its slide, or if we'll see exporters eventually get that boost.