The Nikkei 225 is said to remain in a state of elevated arbitrage positions, creating conditions in which price movements are prone to sharp volatility. Market attention is focused on developments in arbitrage positions through the CHART CLUB commentary.
The Nikkei 225 stood at 68,309.46 as of 15:30, down 647.26, or 0.94%, from the previous day. The NY Dow closed at 3,842.19, up 11.74. Intraday movements and trends in other markets are believed to have influenced the Nikkei 225 on the day.
The article refers to Takaya Tomita’s CHART CLUB and reports that elevated arbitrage positions have been identified as a factor contributing to volatility in the Nikkei 225.