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MJFOX. I seem to notice that this fund and the Nikkei do a yin and yang thing. Does this fund correlate and jive better with the Topix rather than the Nikkei?
The fund probably uses fair value pricing so that people don't do datelining between the two markets. When the index is very volatile, the fund price might look like it is averaging out two days' changes.
Following the ETF EWJ should give you a good idea of which direction the pricing is likely to be that day but not necessarily the same change.
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Following the ETF EWJ should give you a good idea of which direction the pricing is likely to be that day but not necessarily the same change.