When a natural disaster strike a country, it damage the economy and it's infrastructure and Japan did suffer from a tsunami and nuclear catastrophic disaster in 2011 and somehow the economy still need a push to recover.
With a trade balance advance +9.62 % Jun 2014 Japan is on the right track for recovery yet let's don't forget that Japan is an export country and need to decrease the value of JPY to increase export in size. A closer look on USDJPY will show us on the weekly TF a new bullish attempt to push the price above 104 currently 103.75
Nikkei 225 Index is showing an advance +0.85 % on Aug 21, 2014 with a continues bullish tone during the last 10 days, we expect this up pattern to continue for the few coming days. Briefly Japan economy is recovering with steady steps but slowly and it need as always a weaker JPY.
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