Daily Watchlist · On Our Radar

Sunday Evening Update: Japan Exports, DXJ Chart

Just out on the tape

“Japan’s exports fell for a 12th consecutive month in September, rounding out a year’s worth of poor returns for an economy struggling with a resurgent yen and weak global demand.”

http://www.bloomberg.com/news/articles/2016-10-24/japanese-exports-drop-for-12th-month-in-dismal-year-for-trade

Nikkei futures down 50pts as we speak. Last week we touched upon the DXJ weekly chart, which right closed at LT downtrend to the tick.  Absent a close above it, expect a ST pullback coming weeks back towards 50WMA area:

20161022-DXJ.png

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