Simon Brown from JustOneLap chooses the Nikkei 225 exchange-traded fund as his stock pick of the day. He said this was a purely technical trade play. According to his analysis, the charts indicated a buying signal last week. “The concern is currency, you have the Nikkei and the rand-yen, which always carries a risk. Not wanting to be so bold as to say that Japan is finally getting it right after 30 years, but it certainly is looking better than it has in a lot of those 30 years,” said Brown. OR LISTEN TO THE AUDIO: Listen to all latest podcasts here.
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