Nikkei Jumps 2.6%, TOPIX +3.0% on U.S. Rally, Weaker Yen, BoJ Hold ????????

Thursday 8/23 recap:
* Nikkei 225 Stock Average: +415.68 (+2.6%) to 16,316.32
* Nikkei 225 futures Osaka: +450 (+2.8%) to 16,360, Singapore (SGX) 16,415, Chicago 8/22 — 16,155
* TOPIX: +46.92 (+3.0%) to 1,591.81; Advancers 1,514 x decliners 158 (unch. 54), New highs 4 x new lows 25; 32/33 sectors posted gains
* Jasdaq: +19.40 (+1.0%) to 1,886.73
* Yen weakens towards 116 per US$
* BoJ pauses again at 0.5%, rate hike chance of less than 50% in Sept. according to Credit Suisse measure
* Notice the bullish N225 futures trading in Singapore; also notice the demand for domestic issues via TOPIX gain and A/D
* Yen carry trade is still alive, for now, as rate spread is too wide to ignore