Japanese Stocks Haven’t Looked So Bearish in Two Years: Chart

(Bloomberg) -- The worst may not be over for Japanese stocks - at least according to Bloomberg’s Fear/Greed indicator. The technical measure of selling strength to buying strength on the Topix index has retreated below zero for 17 consecutive days, hitting negative 109.6, the most bearish in two years on Feb. 14. After the last time it flashed such a signal, the benchmark gauge remained within 200-point range for the next nine months.

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