Sorry, you need to enable JavaScript to visit this website.
Skip to main content
Skip to main content
Market Focus

The TOPIX And The Yen: Don’t Confuse Correlation For Causation

by Mathieu Savary, Chief Strategist, Developed Markets ex US & Head of Research Innovation  

Japanese stocks’ bull market has many more years to run, and it will extend to the JPY. The TOPIX’s negative correlation with the yen should thus fade, and a stronger JPY may increasingly coincide with rising Japanese equities. Investors often treat Japan as…

Interested in reading the full Daily Insight?

Read the full insight with instant access.

BCA Research | Daily Insights

Concise macro insight that cuts through daily noise, helping clients stay informed on what matters in markets, why it matters, and how to talk about it, without spending hours reading research.

Stay Connected with BCA

Get our latest events and research insights delivered to your inbox.

The BCA Way

Our Philosophy, Your Edge

Discover More