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