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

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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

Short it until it can be shorted no more!

Here is the Weekly;

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ملاحظة

Also ...

... the DJIA/Nikkei225 Quarterly chart. The Best SHORT out there, bar none!