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By the end of 2025, the Taiwanese dollar against the Japanese yen will reach a level of 4.85, reigniting the trend of travel to Japan and asset allocation in yen. But do you know? The cost of exchanging yen can vary by over 30%. Just by choosing the right channels, you can save thousands of dollars. This article will provide an in-depth analysis of the advantages and disadvantages of four currency exchange methods, as well as how to flexibly respond during bank operating hours and non-business hours.
Why has the yen become a must-exchange foreign currency for Taiwanese people?
When it comes to foreign currencies, Taiwanese people first think of the yen. This is not only due to travel needs but also related to daily life and financial strategies.
Daily consumption: essential for travel, purchasing on behalf, studying abroad
- High demand for travel cash: Over 40% of transactions at Japanese merchants still use cash; many small shops in Tokyo, Osaka, and Hokkaido do not accept cards, especially ski resorts and traditional shopping districts where cash is almost mandatory
- Direct payment channels for purchasing on behalf and online shopping: Japanese drugstores, anime merchandise, clothing, and other online shopping platforms usually require payment in yen; purchasing on behalf

Moving averages are one of the most fundamental tools in technical analysis, helping investors quickly identify market trends and find trading signals. This article will take you deep into the core applications of this indicator, covering everything from theory to practical use.
What exactly is a moving average? Core concept explanation
The moving average (Moving Average, abbreviated as MA) essentially sums the closing prices over a certain period and calculates the arithmetic mean. As time progresses, whenever a new trading day arrives, old data is removed, and new price data is incorporated, forming an continuously updated average line.
Calculation formula: N-day moving average = Sum of closing prices over N days ÷ N
For example, a 5-day moving average is obtained by adding the closing prices of the past five consecutive trading days and dividing by 5. When these averages are connected into a line, they form the moving average chart we see.
The magic of moving averages lies in their ability to help traders in the short-term, medium-term

Behind almost every financial scam, there is almost always a shadow of a "Ponzi scheme." The reason these scams can succeed time and again is because they precisely tap into human nature's desire for wealth—promising low-risk, high-return investment opportunities, like carefully woven nets waiting for ordinary people with only partial financial knowledge. Today, we analyze this ancient and stubborn deception system to see how it continuously evolves through the ages and how to learn self-protection amidst numerous scam cases.
The Origin of Ponzi Schemes: An Italian Con Artist's Wealth Dream
The term "Ponzi scheme" originates from an Italian immigrant named Charles Ponzi. In 1903, this notorious con artist sneaked into the United States, working as a painter, laborer, and other low-level jobs. He even served time in Canada for forgery and was involved in human trafficking in Atlanta.

Regional conflicts are frequently occurring, driving up defense spending, and military concept stocks are becoming the market focus. Under the catalysis of the Ukraine-Russia war and the Israel-Palestine conflict, countries' military budgets are continuously reaching new heights, and the rise of technological warfare has led to a surge in demand for cutting-edge weapons such as drones and precision missiles. This not only attracts investors' attention but also brings unprecedented growth opportunities to the military industry.
Why should we pay attention to military concept stocks now?
The nature of modern warfare has changed. The battlefield, which once relied on manpower, is gradually being replaced by an era dominated by technology. Information warfare, public opinion warfare, drone operations—these new forms of combat have generated enormous demand for advanced defense technology.
Countries around the world face the same dilemma: in an era of aging populations and declining birthrates, traditional troop numbers are difficult to sustain. How can they achieve the same national defense goals with fewer personnel? The answer is technology and automated weapons. This drives military and political decision-makers in various countries to continuously increase defense budgets.

The shift in energy structure towards green has become a global trend. As the penetration rate of electric vehicles increases and the installed capacity of wind and solar power hits record highs, energy storage stocks are becoming a new hotspot in the capital markets. This is not only driven by policies but also reflects genuine market demand—according to BloombergNEF forecasts, the global cumulative energy storage installations are expected to surpass the TWh(TWh) mark by 2030.
Why invest in energy storage concepts now?
Simply put, energy storage is the "pressure regulator" of the entire energy ecosystem. New energy sources are inherently intermittent (no solar at night, no wind when there is no wind), and only through energy storage systems can power supply be balanced. This means that as long as the world continues to promote carbon neutrality, the demand for energy storage will be long-term and rigid.
According to the United Nations Climate Report, to achieve net-zero carbon emissions by 2050, the world must halve carbon emissions by 2030. Governments around the world are investing heavily in this, which directly

By the end of 2024 and the beginning of 2025, the global markets remain stable, with gold becoming the focal asset. After reaching a historic high of $4,400 per ounce in October, a correction occurred, but market expectations for its subsequent performance remain strong. Can gold prices maintain their momentum? How to judge future trends? Is there still an opportunity to intervene at this stage? To understand gold price movements, one must analyze the multiple factors behind them in depth.
Core Factors Driving Gold to New Highs
Policy Uncertainty Leading to Safe-Haven Demand
The upward trend of gold over the past two years has been particularly evident in 2025. According to relevant data, the gains in gold during 2024-2025 are close to the highest levels in 30 years, surpassing the 31% increase in 2007 and the 29% in 2010.
One of the main drivers of the current gold price performance comes from policy factors. A new round of trade policy adjustments has increased market uncertainty, boosting safe-haven sentiment, leading to

Want to profit without capital investment? Early Bitcoin mining indeed allowed many people to achieve that. But by 2025, obtaining BTC for free with a regular computer has become a fantasy. This article will give you an in-depth understanding of the current state of Bitcoin mining and how individual miners should respond to this change.
What exactly is Bitcoin mining?
In simple terms, Bitcoin mining refers to participants using specialized equipment to perform accounting calculations for the Bitcoin network and earning BTC as a reward based on their contributions.
Specifically:
- Miners: Individuals or organizations that own mining hardware and participate in network maintenance
- Mining machines: Hardware devices that perform computational tasks (such as specialized ASIC chips)
- Mining actions: Automated complex calculations, not manual bookkeeping
According to industry consensus, miners control the supply side of Bitcoin. Their actions directly influence BTC liquidity, network security, and even the overall market supply and demand dynamics.

The Policy Contradictions Behind the Yen's Sharp Decline
Last week, the foreign exchange market was volatile, with the USD/JPY rising by 1.28%, approaching the 158 level, sparking widespread concern over potential Japanese government intervention. The significant depreciation of the yen was not solely due to market factors but stemmed from inherent conflicts between the Bank of Japan and government policies.
The Bank of Japan raised interest rates by 25 basis points as scheduled, seemingly tightening policy. However, Governor Ueda Kazuo's dovish stance dampened market expectations of further rate hikes. Making matters worse, Prime Minister Sanae Takaichi's cabinet simultaneously approved a massive fiscal stimulus plan totaling 18.3 trillion yen. This move directly offset the effects of the rate hike, shaking market confidence in Japan's monetary policy outlook.
Dollar Index Strengthens, Divergence Among Non-US Currencies
Last week (12/15-12/19), the Dollar Index rose by 0.33%, continuing its relative strength, while non-US currencies showed divergence. The Euro

This is the story of Kawaguchi Ginzo, who rose from extreme poverty to become Japan's stock market legend, amassing great wealth through calm judgment and adherence to fundamental principles. However, due to greed and failure to sell in time, he ultimately lost a profit of 30 billion yen. This teaches us that rational investing and controlling greed are key factors for success.

Why is forex trading worth paying attention to? In simple terms, the most traded product in the global financial markets is currency exchange between countries. Compared to investment products like stocks, bonds, and gold, the daily trading volume of the forex market exceeds 6 trillion USD, offering unparalleled liquidity. More importantly, ordinary people encounter foreign currencies in daily life through international travel, overseas shopping, and international trade, making participation much more accessible than other investment methods.
The core of foreign currency trading — what is the exchange rate difference?
To profit in the forex market, you first need to understand the concept of "spread." The spread is the difference in exchange rates of the same currency at different times or through different channels. Traders predict future currency exchange rate movements and adopt strategies of "buy low, sell high" or "sell high, buy low" to earn the profit from the difference.
How is the spread profit calculated?
The calculation formula is simple: Profit = (Close Price - Open Price) × Trading Volume

Want to profit in the currency market but don't know where to start? Many people feel both excited and confused about foreign currency investment. In fact, as long as you understand a few core concepts and choose the investment channels that suit you, beginners can definitely find opportunities in foreign currency investment. This comprehensive guide will take you deep into the various methods, risk characteristics, and practical advice for foreign currency investment.
Foreign Currency VS Forex: It's Important to Clarify These Two Concepts
When it comes to foreign currency investment, many people confuse "foreign currency" and "forex." In reality, there is a clear distinction between the two.
Foreign currency specifically refers to various foreign currencies other than the domestic currency, including physical forms such as banknotes and coins. Forex, on the other hand, is broader and not only includes national currencies but also encompasses assets in foreign currency form, such as bank deposits, government bonds, corporate bonds, and other financial instruments. Simply put, foreign currency is a subset of forex.
In the forex market, investment activities include four levels:
-

The precious metals market in 2026 continues its strong trend, with gold and silver prices rising, supported by expectations of interest rate cuts by the Federal Reserve. However, short-term gains come with structural adjustment risks, and the market may face selling pressure on holdings. Investors should exercise caution in responding to market volatility.

Dogecoin (DOGE) is currently under pressure in price, showing a bearish alignment, with a low probability of rebound in the short term. There are two predicted trends: gradual decline or rapid drop, with the former being more likely. Investors should adjust their strategies based on their holdings; those with heavy positions should patiently observe, those with light positions can deploy gradually, and those with no positions should wait for clear buy signals, paying attention to technical analysis and capital flows to protect their capital.

Silver experienced a pullback after reaching $84/oz, falling by 5%, showing a clear divergence from the gold market. Technical indicators suggest the silver market is overheated, coupled with supply-demand imbalances and news impacts, leading to increased price volatility. Silver is structurally fragile, facing supply shortages that could affect industrial uses. The future market trend will depend on supply conditions and investor reactions.

The after-hours and futures electronic markets in the US stock market provide opportunities for extended trading hours, allowing investors to position themselves based on the latest news. However, participation in such trading requires attention to liquidity shortages, institutional dominance, and price volatility risks. Rational participation and the development of effective risk management strategies are crucial.

From Peak to Weak Rebound, What's Happening to Shipping Stocks?
The story of shipping stocks is like a roller coaster. In mid-2022, global shipping giants led by Maersk reached a historic high—quarterly profits once soared to $8.879 billion. But the reality was harsh; by the second quarter of 2023, this figure plummeted to $1.453 billion, a decline of 83%.
You read that right. Maersk's market value peaked in early 2022 and has since fallen by 60%. The same tragic story applies to German shipping giant Hapag-Lloyd, whose market value has also retreated by nearly 70% since the end of 2022.
Why have shipping stocks become the "harvest" for investors?
Simply put, shipping stocks are a barometer of macroeconomic conditions. When global trade is active and the economy is growing, these companies transport more goods, and profits rise. But once the economy enters a recession and trade cools down,

For Taiwanese investors, Hong Kong stocks are an important gateway to international investment and a strategic platform for expanding into the Chinese and Asia-Pacific markets. This guide will systematically introduce the trading characteristics, investment advantages, and trading rules of Hong Kong stocks, and select representative Hong Kong stock targets to help investors formulate their Hong Kong stock investment plans.
Hong Kong Stock Market: Mature, Fair, Efficient
As one of the most mature capital markets in Asia, Hong Kong stocks possess several notable advantages that make them particularly attractive to Taiwanese investors:
Market History and Regulatory Framework
The Hong Kong securities market dates back to 1866, with the first exchange officially established in 1891. After over 130 years of development, it has formed clear trading rules and a strict regulatory system. As one of the fairest and most mature markets in the world, this well-regulated environment allows investors to participate in Hong Kong stock trading with confidence.
Geographical and Language Advantages
Hong Kong, Macau, and Taiwan are all located in East Asia, with similar trading hours, and language

ADA (Ada) as the native token of Cardano has gained market recognition for its advanced PoS consensus mechanism and robust ecosystem planning. However, its ecosystem development is relatively lagging, and there is still a need to strengthen application layer construction and technical delivery. Achieving progress in application areas such as DeFi will be key in the future.