N225 Momentum and DAX Cautiousness Post-CPI

The $N225 push today, up over 3% to 71266, is interesting. Definitely seeing a clear bid, perhaps anticipation of continued accommodative policy given recent inflation prints elsewhere, or just a catch-up trade. This kind of momentum is hard to ignore from a broader sentiment perspective, even if my direct exposure isn't in Tokyo.

Conversely, the $DAX sitting around 24744, barely up 0.25%, suggests a more cautious stance in Europe. Post-CPI data last week, it feels like the market there is still digesting potential rate hike implications, keeping a lid on the upside. I'm keeping a closer eye on European bond yields, as their movements will likely dictate the next direction for EU equities more than anything else right now.