Thanksgiving is this Thursday in the U.S. and since markets are closed and Japan will have to trade independently of U.S. action on Friday, the latter half of the week may feature light trading and either profit-taking if stocks have rallied or narrow range-bound trading if not. While Barron’s came out with a bullish report saying Japan will rally — there may be a pop Monday and there could be some heavy buying of Japanese stocks, ADRs and funds such as EWJ and the JOF closed-end fund — Japanese investors on the other hand, remain very cautious and hardly bullish. continue reading…