Expectations for the progress of the weak yen and tariff negotiations are driving prices close to 37,000 yen.

The Nikkei average has risen for seven consecutive trading days, finishing at 36,830.69 yen, up 378.39 yen (with an estimated volume of 1.9 billion 70 million shares). The depreciation of the yen, driven by the retreat of speculation regarding additional interest rate hikes by the Bank of Japan, combined with expectations of progress in tariff discussions with the USA, led to a bullish start. Autos stocks were bought, reaching as high as 36,976.51 yen in the middle of the morning session, approaching the significant level of 37,000 yen. However, ahead of the four-day holiday, profit-taking selling is likely to occur, and the USA is awaiting the announcement of the employment statistics for April.

Fisco JapanMay 2 03:29 ET

The Nikkei average is up 378 yen, extending gains for seven consecutive days, with aggressive buying being limited ahead of the four-day holiday.

Two days later, the Nikkei average stock price rose by 378.39 yen to 36,830.69 yen, marking the seventh consecutive increase. The TOPIX (Tokyo Stock Price Index) also rose by 8.34 points to 2,687.78 points, continuing its eighth consecutive rise. With the backdrop of rising US stocks and a weaker yen, the trading started with buying pressure. At 9:47 AM, the Nikkei average reached 52,421 yen, marking a high of 36,976.51 yen. Afterward, as the market had been rising consecutively and with the upcoming four-day holiday from the 3rd, active buying was limited. The trading ended.

Kabushiki ShimbunMay 2 02:51 ET

ITOCHU: Summary of financial results for the fiscal year ending 2025/3 [IFRS] (consolidated)

JPXMay 2 00:00 ET · Announcements

Itochu Corp Sees FY Net Y900.00B

Dow JonesMay 2 00:00 ET

Itochu Corp FY Net Y880.25B Vs Net Y801.77B

Dow JonesMay 2 00:00 ET

＜Today's main economic Indicators and schedule＞ March unemployment rate and active job openings ratio, US April employment Statistics ETC.

【Domestic】・ 8:30 March unemployment rate and effective job openings ratio・ 8:50 April monetary base, weekly foreign and domestic securities trading contracts・ Earnings Reports = Itochu <8001.T>, Mitsubishi Corp <8058.T>, Marubeni <8002.T>, JR West <9021.T>, M3 <2413.T>, JAL <9201.T>【Overseas】 (Times are Japan time)・ 18:00 Eurozone March unemployment rate・ 21:30 US April employment statistics・ 23:00 US March manufacturing orders・ Earnings Reports = (Europe

Kabushiki ShimbunMay 1 18:38 ET