Yen Strengthens 1.25% Overnight - Rough Day for Nikkei 225 Coming?
Now this is a real head-scratcher. The Japanese yen skyrocketed in price over night 1.25%.
The last time something like this happened, the Nikkei 225 had a 500 point drop later that day. But looking at the Nikkei Futures, it shows a 7-point increase.
I would have expected a futures price dropping 200 ~ 300 points for the day....
But, as my wife would say, "If you're so smart, why ain't you rich?"
Can't believe that the Nikkei 225 won't drop at least 200 today. We'll see.