Trump delays strike on Iran's energy facilities, which is fundamentally a short-term game within electoral cycle constraints rather than a materialization of geopolitical risk easing. Market sentiment prices in early, and smart money often establishes short positions ahead of Friday, betting on expectation realization.

But stay clear-headed: news flow only drives pulse movements, it doesn't change fundamentals. This type of emotional volatility has played out repeatedly in history. The real core variable lies ahead—if Middle East conflict cools further, Japan's probability of a rate hike in April will increase significantly, and the shift in monetary policy will be the authentic, systemic, and sustained real headwind across the market.