Markets Are Rallying And Japan Just Had Another Staggeringly Huge Day

It's jobs day in America.

At 8:30 AM ET, the non-farm payrolls report for February comes out.

In the meantime, markets are in rally mode.

Italy is up 0.9 percent. Germany is up 0.5 percent.

But the real show of the day was — once again — Japan!

As is per usual now, the market had another huge day.

The Nikkei gained 2.6 percent, as the market finally got around to hitting pre-Lehman levels.

The yen also weakened to new lows for the cycle.

Here's the Nikkei.

Nikkei