Nikkei 225
^N225^N225Updated 05:07:51 · refreshes every 60s
Implied Opening Price
66,622.12▲
+10.31+0.02%
1σ 65,439.46 – 67,804.78VIX 28.2%
Spot vs Implied Open
Cost-of-Carry Model
Full methodology →Model Inputs
| Variable | Value |
|---|---|
| Futures Price (F) | 66,611.81 |
| Spot Price (S) | 66,611.81 |
| Risk-Free Rate (r) | 1.39% |
| Dividend Yield (q) | 1.80% |
| Time to Expiry (t) | 13.8d |
About this projection
The Nikkei 225 implied open is derived from the front-month NIY=F futures contract using the cost-of-carry fair-value model: the futures price is discounted by the JPY risk-free rate net of expected index dividends over the remaining time to contract expiry.
The Tokyo cash session runs 9:00–15:30 local time (with a 11:30–12:30 lunch break); the projection tracks where Nikkei 225 will open when it begins. The 1σ band around the projection is sized from the VNKY 30-day implied-volatility index, and the number refreshes continuously while futures trade overnight.
This is not financial advice.← Back
