JPMorgan Chase: Trend reversal faster than expected, hedge funds return to Japanese stocks
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JPMorgan Chase analyst report shows that trend-following hedge funds have changed their bearish stance on the Japanese stock market and started buying Japanese stocks last week. Despite recent market volatility, analysts believe that this shift has come faster. After experiencing selling pressure, CTAs have resumed their positions in Nikkei 225 and TOPIX index futures since mid-August. The market's confidence in the Bank of Japan's intention to raise interest rates, along with strong economic data, has eased panic and attracted more funds based on systematic trading strategies to flow back
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