If it closes below 8800 it will be ugly!
Yen is over 50 percent of volume!
We are at their mercy!
In all the trading threads I read I've genuinely never seen anyone looking to Japan for the next move. I assume it's not that easy for foreigners to get money in and out compared to other places.
They may have volume, they don't have the hearts and minds of traders elsewhere.
Don't they have zero trading commissions on many Japanese exchanges? I know Bitflyer.jp had no fees at some point. It might still not, I'm not sure.
I know a couple traders that
always always watch the Bitflyer chart. I'd agree with them that Bitflyer leads sometimes, but not often enough that I particularly care. Same goes for Bithumb in Korea. At the end of the day, all charts reflect the same sentiment. Arbitrage (or the expectation of arbitrage) takes care of that.