A lot of people are really focused on the currency. Most people are fairly relieved. It has been said that the breakeven for most Japanese exporters is around 110 to 112 yen.
People were somewhat focused on the trade surplus numbers. Japan is ultimately an exporting country and those exports are getting more expensive.
People want to be optimistic, especially dealers who control a lot of stock.
If you had asked people earlier last week, they would have said it was a disaster.
People really have to take a step back and look at what happened in Hong Kong and Japan in December. Some of the big names were up as much as 150 percent.
The market would have been down if it had not been for one big buying program towards the end of the day, which most people suspect was the government.