March 21, 2025

LOCKED Japan Update: Rice Pushes February Nationwide Core CPI Up 3.0%

Rice Pushes February Nationwide Core CPI Up 3.0%
Rengo Says Average Wage Increase up 0.15 Points to 5.40%
Japan No Longer Has Lowest Rates Among Developed Economies
Rice Production Expected to Increase in 2025

March 21, 2025

MI2 TD Chart Point: Sell the Countertrend Rally—Downtrend Intact

In the US, the S&P 500, Nasdaq, and Dow Jones remain in confirmed downtrends, rejecting key resistance levels and reinforcing a broader risk-off sentiment. In stark contrast, European equities remain relatively strong, with the DAX maintaining its uptrend and the EURO STOXX 50 supported.

March 21, 2025