BofA Says Nikkei Volatility Spike May Mark a Turning Point for Japanese Stocks
Bank of America strategists view the recent jump in the Nikkei Volatility Index above 50 - a historically rare level - as a potential signal that selling pressure in Japanese equities is approaching a bottom. They cite a mix of positioning shifts, rising oil prices, and domestic fiscal-year flows as drivers of recent swings, and say the market's pa…