These are almost perfectly correlated starting about Jan. 1, 2013. The dollar becomes stronger against the Yen when the US stock market goes up. What does this mean? I have no idea.
Let's add gold to the mix:
The gold price is inverted, so when it drops in price it rises on this chart. It was also correlated until the recent collapse in the gold price. Gold would need to rise to $1500 to rejoin the party. So I guess being long stocks, being short yen, and being short gold are all about the same.
Now, lets kick it up a notch and add monetary base.
See, it all fits. The stock market isn't actually going up, it is just keeping up with the expanded monetary base. The "new money" crowds out the "old money" - yen and gold.
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