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The Japanese Yen Exchange Rate Gains Momentum Amid Policy Expectation Shifts
During Monday's Asian market trading, the Japanese Yen against the US dollar showed a strong upward trend, reaching a near ten-day high. The rally is mainly driven by a clear divergence in policy directions between the Bank of Japan and the Federal Reserve. Bank of Japan Governor Ueda Kazuo recently reiterated the stance on interest rate hikes, emphasizing that if inflation and economic performance follow expected trajectories, the central bank will continue to adjust its policies. As a result, the sensitive two-year Japanese government bond yield rose to 1% for the first time since June 2008, and the 20-year yield hit a new high since November 2020.
At the same time, the Federal Reserve has signaled a dovish tone. Several Fed officials have recently indicated the possibility of another rate cut in December, pushing the US dollar index to its lowest in nearly two weeks. Consequently, USD/JPY fell to the 155.50-155.45 range. This misalignment in central bank policy expectations has contributed to the appreciation of the Japanese Yen.

Market Anomaly: Why Are Anti-Fiat Assets Performing Differently?
Last Thursday, December 12, ( the market revealed an interesting phenomenon: gold and silver both successfully broke through historical highs, and US stocks also rebounded driven by expectations of rate cuts. However, Bitcoin, regarded as the ultimate hedge asset, has fallen into stagnation. The latest price hovers around $94,290, with a 24-hour increase of only +1.59%, starkly contrasting with the strong performance of other assets.
The sharp decline of the US dollar index has become the main driver of this upward cycle. After the Federal Reserve announced a rate cut on Wednesday, the dollar's upward breakout from a descending wedge finally reversed, falling to its lowest level since mid-October. Against this macro backdrop, traditional safe-haven gold rose over 1% and approached $4,300, while silver surged 5% to a historic high of $64. Bitcoin, which should have followed this safe-haven trend, has yet to break above $90,000.

The global financial markets are currently experiencing an epic rally in safe-haven assets. Spot gold has broken through the $4,500 per ounce mark for the first time, while silver has surged above $72, both setting new historical records. Priced in AUD, gold is approaching the AUD 5,000 level, reflecting strong global demand for safe-haven assets. This surge in precious metals not only sweeps through global markets but also ignites the investment enthusiasm of Taiwanese investors, with related ETFs seeing increased trading volume and scale.
Gold and silver soar together, driven by supply and demand
Since the beginning of this year, gold has risen by over 70%, while silver approaches an astonishing 150% increase, potentially marking the largest annual growth in history. This rally is not accidental, as multiple driving forces are at play:
Safe-haven sentiment intensifies: The ongoing Ukraine-Russia conflict and geopolitical tensions continue to ferment, reinforcing market demand for safe-haven assets. Central banks around the world are also increasing their gold reserves, providing long-term buying support for gold prices.

December 10, 2025, the exchange rate of New Taiwan Dollar (NTD) to Japanese Yen (JPY) reached 4.85, appreciating by 8.7% since the beginning of the year. Want to exchange for Yen but confused by various fees? We tested the four most commonly used exchange channels in Taiwan, using real data to tell you which combination is the most cost-effective.
Is now really a good time to exchange for Yen?
Brief answer: Yes, but with conditions.
The Yen has appreciated by a total of 8.7% this year. The market expects the Bank of Japan to raise interest rates to a 30-year high of 0.75% on December 19. Japanese government bond yields have hit a 17-year high of 1.93%. Meanwhile, the US has entered a rate-cutting cycle, and arbitrage trades may face closing pressure, with short-term volatility estimated at 2-5%. USD/JPY has fallen from 160 at the start of the year to 154.58; the medium-term outlook is below 150.
For Taiwanese investors, the Yen has both travel demand and hedging attributes. But don’t exchange all at once; staggered entry is the best strategy.
4 Ways to Exchange Japanese Yen

If you want to make stable profits in the market, not looking at moving average charts can be considered "blind guessing." Why is the moving average so important? Because it visually displays the direction of price movement and is a key tool for judging buy and sell opportunities. Today, we will start from scratch and thoroughly understand moving averages.
What is a moving average? Why are traders all using it?
The Moving Average (MA) is essentially a "price trajectory line"—it helps you see the true market trend by calculating the average closing price over a specific period.
The formula is simple: N-day Moving Average = Sum of closing prices over N days ÷ N
For example, a 5-day moving average is the sum of the closing prices of the past 5 trading days divided by 5. As time progresses, this line updates continuously, eventually forming a smooth curve.
Why use moving averages? Three reasons:
1. Trend identification — Price is in

Can the Nikkei 225 continue to rise after surpassing 40,000 points?
In the first half of 2025, the Japanese stock market experienced a turnaround from the bottom to the peak. After a rapid decline in April and a sustained rally in May and June, the Nikkei 225 index broke through the 40,000-point mark at the end of June, climbing to 40,487 points, setting a new high for the year. But the key question is: can this rally continue?
The logic behind this upward trend is quite clear. First, it is a reassessment of the profitability of Japanese companies. When the tariff turmoil hit earlier this year, the P/E ratio of the Japanese stock market fell to 12 times, making it quite cheap compared to other major global markets. As investors realized that pessimistic expectations were overly pessimistic, the P/E ratio gradually recovered to around 13 times, and this valuation correction became the main driver of the rebound.
Secondly, international funds are readjusting global asset allocations. Due to high valuations in the US stock market, overseas institutions are beginning to seek new opportunities, and valuation

As the number of cryptocurrency users increases, managing private keys and mnemonics has become an important issue. Cold wallets are the preferred choice for users to protect digital assets due to their high security. The article introduces the differences between cold and hot wallets, their working principles, and mainstream market products, along with scientific purchasing and usage guides that emphasize security and user experience. As the market expands, choosing a cold wallet becomes increasingly important.

In the current environment of increasing global economic uncertainty, more and more investors are turning their attention to crypto assets. Virtual currencies, with their high liquidity and privacy protection features, have become an important option for asset allocation. But here’s the question—there are over ten thousand projects in the crypto space, how do you choose? This article will analyze from a practical perspective how to select types of virtual currencies and which projects are worth long-term attention.
The mistakes I’ve made, you can avoid
I remember in 2018 when I bought 3 BTC. When it broke through from $5,000 to $7,000, I panicked and sold. What happened next? It kept rising to $12,000. The regret at that time was endless, until the 312 event gave me a second chance to get in. This lesson made me realize one thing—most people’s trading failures are not because they chose the wrong coin, but because they chose the wrong strategy.
That’s also why I want to emphasize: when choosing virtual currencies,

Why is short-term trading prone to losses?
In the stock market, you often see this phenomenon: investors who hold stocks for many years never turn a profit, while those who trade frequently find opportunities amid volatility. At this point, many people have the idea — instead of waiting long-term, why not seize short-term fluctuations to earn the difference?
The essence of short-term trading is to profit from sharp price swings within a few days. Traders usually do not focus on the company's fundamentals but rely on technical analysis, market sentiment, and sudden events to predict trends. In theory, this can improve capital turnover efficiency, but in reality, the saying "lose more, win less" still circulates — because short-term risks are indeed high, requiring stronger execution and psychological resilience.
So the question is: how can one steadily profit from short-term volatility? Which stocks are suitable for short-term trading? This article will guide you into the first step of short-term trading: scientific stock selection.
Core logic of short-term stock selection

What is commodity currency? A detailed explanation of its core features
Commodity currency refers to a national currency whose exchange rate movements are highly positively correlated with the prices of certain raw materials or bulk commodities. This correlation is not coincidental but stems from the economic lifeline of these countries—whose export revenues are heavily dependent on the sale of specific commodities. These commodities cover a wide range, including natural resources like copper and iron ore, as well as industrial semi-finished products like dairy.
Currently, active commodity currencies in the international foreign exchange market include the Canadian dollar (CAD), Australian dollar (AUD), New Zealand dollar (NZD), and Swedish krona (SEK). Additionally, the Russian ruble (RUB), Brazilian real (BRL), and Saudi riyal (SAR) are also sensitive to fluctuations in bulk commodity prices.
Why are they considered safe-haven assets?
Investors generally view commodity currencies as safe-haven assets primarily because of their underlying support—the commodities themselves tend to be relatively stable.

Why Did Silver Prices Skyrocket?
The recent surge in silver investment is no coincidence. On December 23, 2025, the London spot silver price suddenly rose above $70 per ounce, later reaching a historic high of $83.645 per ounce. To understand how strong this rally is: silver prices have already surged over 140% this year, far outpacing gold's 80% increase and significantly surpassing the Nasdaq index, which is mainly tech stocks, at about 120%.
Several factors have driven this rally—expectations of Federal Reserve rate cuts boosting commodity demand, ongoing tight global silver supply, and the U.S. officially listing silver as a critical mineral, all fueling the upward momentum. However, good times don't last long. To stabilize the market, CME raised silver futures margin requirements twice in late December. The latest adjustment (effective December 29) caught investors off guard—the initial margin for the March 2026 contract increased from 22,00

After the 2026 New Year, BROCCOLI714 tokens surged and then crashed in a short period, revealing a strategy used by hackers to transfer funds. Professional trader Vida successfully arbitraged with quick reactions and exited with profits, while the hackers suffered heavy losses. This capital war demonstrates that the Web3 market operates like a jungle law, emphasizing the importance of market psychology and risk control.

The essay discusses the paradox in cryptocurrency trading where complex knowledge can hinder profitability. It introduces the "343 strategy," focusing on systematic fund allocation rather than market predictions, emphasizing gradual investment and risk management with mainstream cryptocurrencies like BTC and ETH for better results.

Global financial markets are experiencing volatility. After the Bank of Japan's rate hike, the Japanese yen weakened. The three major U.S. stock indices rose, with technology stocks performing strongly. Silver prices hit a new high, and bond market fluctuations affected carry trades. Japan's Finance Minister warned about exchange rate fluctuations, while U.S. consumer confidence saw a slight rebound, though the outlook remains concerning. The cryptocurrency market remains stable.