Nikkei 225
^N225Updated 07:47:54 UTC · refreshes every 60s
Implied Opening Price
69,002.48▼
−28.44−0.04%
1σ 67,692.37 – 70,312.59VIX 30.1%
Spot vs Implied Open
Cost-of-Carry Model
Full methodology →Model Inputs
| Variable | Value | Source |
|---|---|---|
| Futures Price (F) | 69,157.50 | |
| Spot Price (S) | 69,030.92 | ^N225 |
| Risk-Free Rate (r) | 1.39% | OECD 3M interbank (FRED, monthly) · STALE |
| Dividend Yield (q) | 0.00% | Yahoo Finance ETF |
| Time to Expiry (t) | 59.0d | Dec 10, 2026 |
About this instrument
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 estimates where Nikkei 225 could open when it begins. The 1σ band around the projection is sized from the VNKY 30-day implied-volatility index, with source and quote age shown separately. The implied opening level is an estimate, not a guaranteed opening price.
This is not financial advice.← Back
