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Market Scramble: Testing times ahead for Japan stock shorts

April tends to be a winning month for Nikkei average, thanks to foreign buying

Akira Kiyota, CEO of Japan Exchange Group, signs a memorandum with his Saudi counterpart in Tokyo on March 14.

TOKYO -- So close, yet so far. As the Nikkei Stock Average flirts with 20,000, the retail investors playing sellers to foreign buyers are finding little luck betting against Japanese equities.

The benchmark index was little changed Tuesday ahead of the U.S. Federal Reserve policymakers' meeting, with only 37 points separating the session high and low -- the smallest intraday move this year.

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