Not a bad way to start the week, but the 1.7% N225 (stock average; futures +1.6%) rally to 12,878 (and 12,870) fell short of the 12,920 N225 futures close Friday in Chicago. Both equities and futures met resistance at 12,950 and trading activity (volume and turnover) for the broader TOPIX was anemic. As expected, JP financial press cites investors’ concerns over the U.S. economy and thus a lot of money on the sidelines waiting to see how the latest economic data reads. See below for headline clip and link to brief market wrap in Japanese.

clipped from biz.yahoo.co.jp 出来高、売買代金が連日で今年最低、日経平均は高値もみ合いに２１２円高＝東京株式・２５日後場