Friday, May 24, 2013

Japan Bulls Unwavered by Stock Market Rout

Japan Bulls Unwavered by Stock Market Rout: ""The market was very right for a correction. [But] longer term there is a lot of potential in Japan. Obviously markets don't move in a straight line," David Dietze, president and chief investment strategist at Point View Wealth Management told CNBC on Friday. "Realistically, we were seeing signs all along that were over bearish the Japanese yen and bullish on the Nikkei. I view this as a healthy correction in Japanese equities and the currency," David Rodriguez, quantitative strategist at DailyFX said, referring to the fall in dollar-yen to a two-week low of 100.83 on Thursday.

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