Nikkei 225 closes lower by 0.01% at 20,408.54

Tokyo’s main index closes at flat levels on the day

Nikkei 04-06

Sentiment remains cautious for the most part but Japanese stocks settled near unchanged levels after weighing between softer risk sentiment overnight along with more decent tones in trading today. US equity futures are up by around 0.1% while Treasury yields are also higher as we begin the session.

That said, it hasn’t translated into much meaningful movement in currencies as the search for direction continues amid the flurry of volatility. Although bond yields are faring better today, I can’t help get the sense that it could all be wiped out in a blink of an eye.