A strong Nikkei afternoon session has also seen a decent USDJPY rally 4 August
– Nikkei posting highs of 16257.93 following early lows of 15921.04
– USDJPY once again finds a base at 100.75 to post 101.46 highs
Of course it could be the USDJPY dip-demand leading the Nikkei higher rather than vice versa but the correlation is definitely there to be seen.