J Yen and the Nikki

[Walter McCarthy <mccarthy@xxxxxxxxxxxx>]

There appears to be a similar pattern between the Jyen and the Nikki 225
with the Yen stabilizing and poking upwards and the Nikki at a long term
support area of 17000 which is being tested. 

Is there a long trade here for the Nikki or is the risk of the falling Dow
too high to support a poke at the long side for the Nikki?

If the Yen jumps, could we see a corresponding rise in the Nikki which could
develop into a new leg up for Japan.

I'm interested in comments from Japan watchers.

Thanks

Tex