LONDON: As far as investors are concerned, Japan’s upper house election has been a sell on the rumour, buy (a little) on the fact.
Japanese markets are closed for the Marine Day public holiday, so liquidity has been lacking, but so far the yen is up a shade on the dollar and euro while Nikkei futures NKC1 traded in Chicago are much in line with Friday’s cash close.
Wall Street futures are up a fraction, and European futures are down a touch.