Even if the increase is about 20 percent of U.S. oil prices in the last two weeks of Japanese shares have so far proved largely resistant, and the Nikkei holding 4 per cent last year to date earnings ,
as investors re-risk their portfolios of stocks instead of moving it at all.
"The market is posting strong gains today, but the feeling is he will remain under pressure and vulnerable to sudden changes in mood triggered by changes in the Middle East," said Yumi Nishimura, an analyst Senior Market at Daiwa Securities Capital Markets.
He said the Nikkei is likely to trade
between 10 500 and 10 750 before ruling Friday, which is known in Japan as the special quotation or "SQ", which is calculated using the opening prices of the Nikkei 225 share the second Friday part of the month.
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