Sunday, March 13, 2011

Japanese Financial Markets Will Open As Usual In 2 Hours, at 9AM

It's 6:56AM Monday, March 14, 2011 over in Japan. The financial markets - stock market, foreign exchange market, commodities and futures market, bond market - are all set to open as usual, at 9:00AM.

According to Nikkei Shinbun, they expect a tumultuous market (not surprising):

  • Stock market: probably goes down significantly, but hoping for a support around 10,300 on Nikkei.

  • Forex: expecting higher yen

  • Bond: more money flowing into Japanese government bonds

Japan's Financial Services Agency held a press conference last night and said it would strictly enforce rules against short selling in the stock market.

Nikkei futures are curently at 9,960, down 210.


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