Is the Nikkei telling us the US dollar "correction" is over?

There has been a tight correlation between the path of the Japanese stock market and the US dollar of late.  The Nikkei surged 4.94% overnight.  This kind of move suggests the Japanese stock bulls are back in town.  Technically, the Nikkei appeared a bit "oversold."  And fundamentally, this surge coincided with good fundamental news (price action confirmed by the news):


Is Abenomics working? 

Currency Currents 10 June 2013

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