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Japanese Stocks Haven’t Looked So Bearish in Two Years: Chart
The worst may not be over for Japanese stocks.
24 Feb 2018, 10:49 AM IST 
A pedestrian walks past an electronic stock board displaying the figure of the Nikkei 225 Stock Average, left, and and the exchange rate of the yen against the U.S. dollar outside a securities firm in Tokyo, Japan. (Photographer: Kiyoshi Ota/Bloomberg)
(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.
To contact the reporters on this story: Livia Yap in Singapore at lyap14@bloomberg.net, Abhishek Vishnoi in Singapore at avishnoi4@bloomberg.net.
To contact the editors responsible for this story: Divya Balji at dbalji1@bloomberg.net, Jonathan Annells
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