I though Japan was facing bankruptcy http://www.elitetrader.com/vb/showthread.php?threadid=181522 I dont expect Japan to declare bankrupt but i expect Nikkei to fall . The graph implies high volatility and i am not sure if the trend is donward or upward (i vote downward). Wouldnt trade this index unless you love risk .
Two questions: 1) what is the difference between NIY and NKD? That chart posted looks like NIY. 2) Is there an ETF that trades on the US markets for the Nikkei?