Temporary dipFundamentals of the market remain strong. Scary words like recession and unwinding hedge positions will always be with us. Yet the stockmarkets are making new highs.
Maybe OBV indicator could be a stronger for the Dow to confirm its price rise.
The Yen Carry trade effect can only go so far. If Japan continues to raise interest rates, its own economy and stock market will drop. Exports will become more expensive.
It's a wonder in itself, that Japan had negative interest rates for many years. I don't know their inflation rate, etc, but well managed.