On May 1st, 2025, the market may look calm on the surface, but instability is quietly building underneath.
U.S. GDP posted negative growth, while the Trump camp continues its pressure campaign with tariff threats and Fed criticism—destabilizing the U.S. bond market.Meanwhile, Japan’s JGB VIX has dropped sharply, and even gold—traditionally seen as a safe haven—is falling, leaving investors with nowhere to hide in a risk-off scenario.The key trigger events today: the Bank of Japan’s policy meeting and rate announcement, and tariff negotiations between Japan’s Finance Minister Kato and the U.S. Treasury.From an earnings (EPS) perspective, fundamentals remain weak, raising the question:Where is the Nikkei headed next?
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サマリー
日経平均株価が37,000に達する可能性が高まっていますが、トランプ元大統領のタリフプレスカンファレンスが影響を与えるかもしれません。市場は現在リスクオンの状態にあり、将来の経済指標やテクニカル分析が注目されています。