Friday, July 10, 2009

Japanese vs US Stocks compared to Yen/US Dollar exchange rate -- 10 year chart

in this morning's newsletter (due out in a couple hours) I am assessing the relative performance of International Stock Markets to the US Stock Market. of particular interest is the recent out-performance Japanese stocks. the following is a 10 year chart of the EWJ:SPY ratio (blue area) with the Yen/USD exchange rate (black dashed line) overlaid.