As Japan Opens, Nikkei 225 Down Over 500 Points From Overnight Highs - Below 17,000

UPDATE: Nikkei 225 Futs lose 17k - trading 16,985

Time for some GPIF asset re-allocation and spuriously repititive headlines about Abenomics, 3rd Arrows, growth, anti-deflation, or some such bollocks (as they say in Japan). For now, JGB Futures are at all-time record high prices, USDJPY sits back under 119.50, and Nikkei 225 Futures are holding just above the crucial 17k mark - down over 500 points from last night's highs.

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Some context for the moves post-QQE-plus...

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Charts: Bloomberg