Stick this on the calendar for the end of April into early May

To mark the ascension of Japan's new emperor, the government has declared an 10-day holiday

  • Japan usually has the late April to early May "Golden Week" holiday, but this year its going for longer
  • Crown Prince Naruhito is being crowned the new emperor on May 1
  • Government has declared April 27 to May 6 a market holiday
  • It will be the longest break ever for Japanese stocks and bonds, 6 business day

At the very least this will extend the low liquidity period each morning when its only NZ and Australian forex markets open pre-Tokyo for another hour until Singapore and HK come in.