Japan's Market Breaks
Having ripped higher by over 200 points after the US close, Nikkei 225 futures have "glitched":
- *JPX SAYS NIKKEI 225 FUTURES STOPPED TRADING AFTER 11AM TOKYO
- *JAPAN EXCHANGE SAYS NIKKEI 225 FUTURES STOPPED ON SYSTEM ERROR
- *TRADING HALT MAY BE DUE TO SYSTEM PROBLEMS, TAKAHASHI SAYS
The ramp, which caught futures up to USDJPY happened as they recoupled... we will see which direction the post-break market wants to go...
... but based on the ramp into the "market break" it would appear that someone at the BOJ left the buying program on, and forgot all about it.
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