Charts Show Nikkei Record High Within Reach on Options, Turnover
- Nikkei 225 put-to-call has dropped as gauge rose 13% this year
- Rising turnover indicates firmer conviction in Japanese stocks
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Japan’s blue-chip equity gauge has enough momentum to reach an all-time high, if technical market patterns are any guide.
The Nikkei 225 Stock Average is less than 4% from surpassing its record close of 38,915.87 hit in 1989. The benchmark pared its advance on Wednesday after jumping about 3% the previous day in its biggest jump since November 2022.