The Nikkei 225 continues its upward trend. Investor focus remains on retail and media-related stocks, suggesting a possible sector rotation from export-oriented (external demand) to domestic demand-driven stocks. A rapid and massive capital inflow into domestic sectors could signal the arrival of a bull market centered on domestic demand, potentially aiming to reclaim the July 2024 SQ high. However, it's important to keep in mind the lingering concerns of an economic slowdown, which could weaken both external and domestic demand.

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I am Japanese.

English Version

In the early hours of today (Japan time), Minister Akazawa and President Trump held negotiations on reciprocal tariffs.

While the detailed contents remain undisclosed, the market seems to have responded positively to the smiling photo of President Trump and Minister Akazawa.

With no apparent demands regarding foreign exchange, the yen weakened, potentially signaling a risk-on market with a weaker yen and rising Japanese stocks.

Attention now turns to whether money flowing out of historically high gold and U.S. stocks can be absorbed into Japanese equities.

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I am Japanese.

English Version

日本時間で本日早朝に赤沢大臣とトランプ大統領が相互関税に関して交渉。詳細な内容は明かされないものの、トランプ大統領と赤沢大臣のスマイルショットを市場が好感か。為替の要求等はなく、円安方向に反応し、円安株高のリスクオン相場が到来するか。歴史的高値の金や米国株からの流出マネーを日本株で吸収できるか注目。

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In the early hours of today (Japan time), Minister Akazawa and President Trump held negotiations on reciprocal tariffs.

While the detailed contents remain undisclosed, the market seems to have responded positively to the smiling photo of President Trump and Minister Akazawa.

With no apparent demands regarding foreign exchange, the yen weakened, potentially signaling a risk-on market with a weaker yen and rising Japanese stocks.

Attention now turns to whether money flowing out of historically high gold and U.S. stocks can be absorbed into Japanese equities.

The Nikkei 225 appears somewhat fatigued ahead of the upcoming negotiations between Treasury Secretary Bessent and the Japanese delegation regarding the Trump-era tariffs. Both buyers and sellers are in a standoff as the event draws near. The delegation arrived in Washington early this morning, and negotiations are set to begin on the morning of the 17th Japan time. The key point to watch is whether any information will be released before the market opens at 9:00 AM. This state of stagnation might be an opportunity to employ the Covered Time strategy.

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I am Japanese.

English Version

日経平均はベッセント財務長官と日本の交渉団によるトランプ関税をめぐる交渉を前にしてやや疲れ気味の状態。イベントを前に売り買いともに膠着状態。本日未明にワシントンに到着し、日本時間の17日朝から交渉開始。9時の寄り付き前に情報が出るか否かが注目。この膠着状態をカバード・タイム戦略で乗るか。

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The Nikkei 225 appears somewhat fatigued ahead of the upcoming negotiations between Treasury Secretary Bessent and the Japanese delegation regarding the Trump-era tariffs. Both buyers and sellers are in a standoff as the event draws near. The delegation arrived in Washington early this morning, and negotiations are set to begin on the morning of the 17th Japan time. The key point to watch is whether any information will be released before the market opens at 9:00 AM. This state of stagnation might be an opportunity to employ the Covered Time strategy.

On April 17, 2025, Japan’s Minister Akazawa and U.S. Treasury Secretary Bessent will meet to discuss Trump tariffs and USD/JPY policy.Global markets are watching closely, and the Nikkei seems to be in wait-and-see mode.There’s also a sense that buying energy has been exhausted—creating an eerie atmosphere.___

I am Japanese.

English Version

2025年4月17日に日本の赤沢大臣とベッセント財務長官がトランプ関税やドル円政策に関して会談。世界は本会談に注目し、日経平均含めマーケットは様子見姿勢か。買いのエネルギーが消耗されてる感覚もあり、やや不気味な状況。

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On April 17, 2025, Japan’s Minister Akazawa and U.S. Treasury Secretary Bessent will meet to discuss Trump tariffs and USD/JPY policy.
Global markets are watching closely, and the Nikkei seems to be in wait-and-see mode.
There’s also a sense that buying energy has been exhausted—creating an eerie atmosphere.