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Japanese stocks trade higher, pushed by fresh multiyear lows for the yen and strong results from...

Japanese stocks trade higher, pushed by fresh multiyear lows for the yen and strong results from Toyota (TM +1.05%). The Nikkei Average surged 2.3% to 11,304, wiping away the previous session's 1.9% loss, with autos leading: Mitsubishi Motors (MMTOY.PK +5.1%), and Subaru maker Fuji Heavy Industries (FUJHY.PK +6%). The move on the yen also gave a lift to tech exporters as well: Sony(SNE +2.8%), Olympus (OCPNF.PK +3.2%), and Panasonic (PC +5%).
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Comments (6)
  • Macro Investor
    , contributor
    Comments (9050) | Send Message
     
    OK, so who shorted the Nikkei yesterday?

     

    'Fess up.

     

    This market is simply cruel to the shorts.
    5 Feb 2013, 07:47 PM Reply Like
  • yliu54
    , contributor
    Comments (171) | Send Message
     
    Though I believe Japan's economy is doomed, it is still far from the time to short it..
    5 Feb 2013, 07:50 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9050) | Send Message
     
    That's the spirit. Way too many people trade on their beliefs about the economy and so few on money flows.
    5 Feb 2013, 07:59 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (5364) | Send Message
     
    One idea that you might want to consider would be to invest in DXJ: http://bit.ly/ThHEqH
    5 Feb 2013, 09:11 PM Reply Like
  • movies555
    , contributor
    Comments (1026) | Send Message
     
    Yay money printing. Whee.
    5 Feb 2013, 09:16 PM Reply Like
  • divinecomedy
    , contributor
    Comments (466) | Send Message
     
    Been doing extremely well on my YCS position, which is considerable. Up 20% plus. I think it's the safer way to "short" Japan.
    5 Feb 2013, 11:44 PM Reply Like
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