This is likley to run out of steam soon, ...

מעודכן
too. - But not before US Equities do!!
(Made a lot of money on these longs until now and especially being Short DJIA/Nikkei225 Spread!)

... and given the currency differential, the Nikkei225 is still a helluva lot better deal than US indexes.
Here is the SP500/Nikkei225 Spread
תמונת-בזק
Short it until it can be shorted no more!

Here is the Weekly;
תמונת-בזק
הערה
Also ...
US30/Nikkei225 - (Continuation) SHORT; SELL it until ...

... the DJIA/Nikkei225 Quarterly chart. The Best SHORT out there, bar none!
Beyond Technical AnalysisChart PatternsHarmonic PatternsNikkei 225 JPN225 CFDJapan 225nikkei225indexnikkei255nikkeitrade

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