The Bank of Japan raised interest rates by 25 basis points to 0.75%, the highest in nearly 30 years, but the market reaction was muted, and the USD/JPY rose. Analysts believe that investors are uncertain about the future rate hike path, and the market interpreted this rate hike as a dovish signal, affecting the yen's performance. The RMB/JPY exchange rate is also indirectly affected by this.

On December 19th, the Bank of Japan raised the benchmark interest rate to 0.75%, but the market reaction was lukewarm, and the USD/JPY exchange rate strengthened instead. The central bank governor did not provide a clear timetable for future rate hikes, leading to a slowdown in market expectations. Additionally, the widening interest rate differential between Japan and the US made the dollar more attractive, resulting in a weak yen. Experts point out that the central bank needs to send stronger signals to boost confidence in the yen, and the market is looking forward to a clear interest rate hike plan.

Short selling is a reverse profit strategy that allows investors to profit during market declines. Its existence helps stabilize the market, prevent bubbles, and enhance liquidity. Short selling methods include securities lending, contracts for difference (CFDs), and futures, but they carry higher risks. Caution is advised, with recommendations for short-term trading, position control, and strict risk management.

The US stock market, as the most mature and active stock trading market globally, attracts investors from around the world every day. However, for beginners preparing to enter this market, questions about trading rules, account selection, and investment methods can often be confusing. This article will systematically answer how to step into the US stock market and how to choose an investment strategy that suits you.
Why invest in US stocks?
Before diving into operational details, let's first look at why US stocks are worth paying attention to.
Clear advantages in trading costs
Compared to other global stock markets, US stocks have a significant advantage in trading costs. There are no lot size restrictions for US stocks; trading can be done with as little as 1 share. For example, Tesla's stock price is about $260 per share, so investors can start trading with just $260, without a large capital threshold. In contrast, the Malaysian stock market requires a minimum purchase of 100 shares, the Taiwan stock market requires at least 1,000 shares, and Hong Kong stocks typically require 100-1,000 shares.

The US stock market holiday schedule is continuously updated. The United States entered daylight saving time at 2:00 AM on November 2, 2025, and the regular trading hours have been adjusted to 22:30 to 5:00 Taiwan time.
Quickly check US stock market opening hours
The United States has three major stock exchanges (New York Stock Exchange, NASDAQ, and American Stock Exchange). Although each operates independently, their opening and closing times are generally synchronized.
US Stock Trading Hours (Eastern Time)
| Trading Session | Trading Days | Trading Hours |
|-----------------|--------------|--------------|
| Regular Trading | Monday to Friday | 9:30-16:00 |
| Pre-market Trading | Monday to Friday | 4:00-9:30 |
| After-hours Trading | Monday to Friday | 16:00-20:00 |

2025年 Taiwan dollar to Japanese Yen exchange rate has risen to 4.85, an increase of 8.7% from 4.46 at the beginning of the year. Japanese travel demand and Yen allocation needs have reignited. However, there are many ways to exchange for Yen, from in-person currency exchange to online remittance and foreign currency ATMs. The cost differences across channels may cause you to spend several thousand TWD more. This article will break down four mainstream currency exchange methods and provide the latest exchange rates and fee data to help you find the most economical option.
Why do you need to exchange for Yen? From travel to asset allocation
Many people think exchanging for Yen is just for traveling abroad, but in reality, the applications of Yen go far beyond expectations.
In daily life, the cash usage rate for Japanese travel remains high. Many merchants in Tokyo, Osaka for shopping, and Hokkaido for skiing mainly accept cash; purchasing agents and Japanese online shopping transactions also require Yen payments; long-term students or working holidaymakers need to plan currency exchange in advance.
From a financial investment perspective, Yen and US

The global healthcare industry is in a rapid expansion phase. Accelerating population aging, the emergence of new therapies, and mature telemedicine technologies are driving the vigorous development of the medical biotech sector. Unlike traditional cyclical industries, people require medical services regardless of economic fluctuations, making healthcare stocks more resilient to cycles and increasingly attractive to investors.
Compared to other regions worldwide, the United States boasts the highest quality healthcare biotech ecosystem and is the most concentrated and valuable market for biotech concept stocks. This article will analyze investment opportunities in the US healthcare industry in depth and highlight leading stocks worth关注.
Core Characteristics of the Medical Biotech Industry
Large global market size with broad growth potential
The US biopharmaceutical market is the largest and most active globally, expected to reach $445 billion by 2027, with a compound annual growth rate of 8.5%. This figure reflects the industry's strong

Exchange rate bottoming out, the golden period for JPY in 2025
On December 10, 2025, the Taiwan dollar to Japanese yen exchange rate has reached 4.85—this is a key level in recent times. Compared to the 4.46 level at the beginning of the year, the yen has appreciated by 8.7% over the year. For investors in Taiwan and even Malaysia, this wave of yen appreciation has been quite significant.
According to market data, Taiwan's foreign exchange demand increased by 25% in the second half of the year. The main drivers are twofold: first, the revival of travel to Japan boosting actual demand; second, the global risk-off sentiment increasing safe-haven allocations. Interestingly, many Malaysian investors are also starting to pay attention to the yen, using it as a hedge against Southeast Asian currency fluctuations.
The recent hawkish comments from Bank of Japan (BOJ) Governor Ueda Kazuo have pushed market expectations for rate hikes to 80%. It is expected that the December 19 meeting will raise interest rates by 0.25 bps to 0.75%, reaching a 30-year high. Japanese government bond yields have climbed to a 17-year high.

Open the Door and See: What Exactly Are Options?
Options (also known as derivatives, in English Options) are a type of financial derivative with a very simple core concept — you pay a small amount of money to buy a "future trading right." This right allows you to buy or sell stocks, indices, commodities, and other assets at an agreed-upon price on a specific date, but you can choose not to exercise it at all, limiting your risk.
Compared to the single strategy of buying low and selling high, the beauty of options lies in their versatility: they can be used in any market condition — bull markets, bear markets, sideways fluctuations, or even during periods of increased volatility — with corresponding options strategies. Because of this, options are both a tool for speculation and a means for risk hedging.
How to Play Options? Four Basic Trading Methods
Options trading essentially involves "buying" or "selling" combined with "call" or "put," resulting in four possible combinations.
Buy Call Options
Imagine you are optimistic about the future prospects of a certain stock but do not want to purchase it outright.

Leverage involves borrowing funds to trade, using a small margin to control a large position, thereby amplifying both gains and risks. Beginners should understand tools such as futures, options, leveraged ETFs, and CFDs, use leverage responsibly, and implement risk management to avoid losses and margin calls.

Tokens are blockchain-based digital assets that represent specific rights or values, mainly categorized into payment, utility, and asset types. The flexibility of Token applications exceeds that of Coins, and trading methods include spot and margin trading. Choosing a secure trading platform is crucial to facilitate rational investment decisions in volatile markets.

Want to make money in the Hong Kong stock market? Then you first need to understand the trading hours and rules. Unlike the single opening and closing times of the A-shares, the trading sessions in Hong Kong stocks are much more complex, especially with various patterns before opening and after closing. Today, we will clarify the trading hours and market holiday arrangements of HKEX for 2025.
Core Hong Kong Stock Trading Hours Overview
The Hong Kong Stock Exchange (HKEX) schedule for regular trading days is as follows:
| Session Name | Time | Main Rules |
|--------------|-------|------------|
| Pre-market Auction | 9:00~9:30 | Conducts opening price auction with specified input, matching, and random pairing processes |
| Morning Trading | 9:30~12:00 | Continuous trading session |
| Midday Break | 12:00~13:00 | Market closed for one hour |
| Afternoon Trading |

Want to strike it rich in the Hong Kong stock market? The first step is to understand the trading hours. This article provides an in-depth breakdown of the 2025 Hong Kong stock trading schedule, market holidays, and specific rules for each trading session to help traders seize every opportunity accurately.
What is HKEX?
HKEX (Hong Kong Exchanges and Clearing Limited) is the only legal securities trading platform in Hong Kong. It is also a listed company with stock code 0388.HK. As one of the top ten exchanges globally and among the top three trading hubs in Asia, HKEX carries some of the most dynamic capital flows in the world.
HKEX's core business is providing trading and settlement services for financial assets such as stocks, options, and futures. It operates several subsidiaries, including Hong Kong Exchanges Limited (responsible for stock trading), Hong Kong Futures Exchange Limited (futures trading), and Hong Kong Central Clearing Company Limited (clearing and settlement), each performing their respective roles.

Choosing a cryptocurrency exchange is crucial; you should pay attention to legality, security, liquidity, fees, variety of coins, and user experience. Beginners should diversify their investments, stay alert to scams, and ensure account security to reduce risks and protect assets.

When it comes to trading technical indicators, many people can't avoid the KDJ indicator. Why does this tool maintain such high popularity among retail traders? Basically, because it's simple and easy to understand, and it can indeed catch many turning points in the market. This article will delve into the meaning of KDJ, its operational logic, and how to apply it in actual trading.
What exactly is the KDJ indicator? Understand it with a single chart
The KDJ indicator is short for the Stochastic Oscillator, a technical tool that helps traders quickly determine trend reversals and entry points. When you open a candlestick chart, you'll see three lines oscillating:
- K line (fast line): Measures the position of the most recent closing price within a certain period's price range, reacts quickly
- D line (slow line): Smoothed version of the K line, filters out some noise, more stable
- J line (directional line): Measures the deviation between K and D values, most sensitive to extreme market conditions
Simply put, the K and D lines help you identify overbought conditions

Exchange rate fluctuations have reached a critical point
Since the beginning of this quarter, the Japanese yen has depreciated by approximately 4.5% against the US dollar, making it the currency with the largest decline among the G10 group(. During Wednesday's US trading hours, the yen briefly fell to 155.04 yen per dollar, and on Thursday Tokyo time, it continued to weaken to around 154.96. This rapid 5-yen depreciation has already attracted widespread market attention—investors are beginning to question whether the new Prime Minister Sanae Takaichi) can effectively stabilize the yen exchange rate.
This situation is completely different from last year. Last year, the Bank of Japan intervened when it was considering rate hikes, but now Japan faces a more complex situation: Sanae Takaichi is promoting loose fiscal policies while also needing to support the yen. The inherent contradiction in this policy direction has led the market to doubt Japan's authorities' ability to intervene.
Policy Dilemma and Foreign Exchange Reserve Pressure
Japan's Finance Minister Shunichi Katayama(

In 2022, the global economy faced the challenge of high inflation, and central banks raising interest rates became a countermeasure. Although inflation has negative effects, moderate inflation can stimulate economic growth. Investors need to understand the causes of inflation, make good use of debt, and allocate assets such as stocks, real estate, gold, and the US dollar to prevent cash from depreciating and to seize market opportunities.

Palladium has attracted attention due to its widespread use in the automotive industry and scarcity, with volatile price fluctuations. Investing in palladium requires caution and is suitable for traders with strong risk tolerance. Factors such as the popularity of electric vehicles and economic trends should be monitored to choose the appropriate investment approach.

As a foreign exchange investor, you must master a fundamental skill—quickly recognizing the currency symbols of various countries around the world. This is not only related to trading efficiency but also affects your competitiveness in international investments. This article will systematically explain the meaning, application scenarios, and quick input techniques of different country currency symbols, helping you navigate the forex market with ease.
Do you truly understand the difference between currency pairs and single symbols in forex trading?
Before stepping into the forex market, you must first clarify a basic concept.
Currency pairs are at the core of forex trading. When you see expressions like EUR/USD, the former is the base currency (Euro), and the latter is the quote currency (US Dollar). The meaning of this currency pair is: how many US Dollars can one Euro exchange for. Investors profit by going long or short on currency pairs, for example, buying EUR/USD if they expect the Euro to appreciate.
In contrast, a single currency symbol simply represents a specific currency. The Euro symbol € represents the Euro, and the US Dollar symbol $ represents the US Dollar.

Weekly Market Overview
Last week (12/15-12/19), the US dollar index rose by 0.33%, while non-US currencies showed mixed performance. The euro declined by 0.23%, the yen fell the most by 1.28%, the Australian dollar dropped by 0.65%, and the British pound slightly increased by 0.03%. The core driver of the foreign exchange market this week stems from the divergence in central bank policies and market expectations.
The Conflict Between Central Bank Rate Hikes and Fiscal Stimulus: Why the Yen Continues to Depreciate
USD/JPY rose by 1.28% last week, seemingly indicating dollar strength, but in reality, it reflects contradictions in the Bank of Japan's policy.
The Bank of Japan raised interest rates by 25 basis points as scheduled, which should support the yen. However, Governor Ueda Kazuo's dovish tone caused the market to lose expectations of a rate hike. More importantly, Prime Minister Fumio Kishida's cabinet simultaneously announced a fiscal stimulus plan totaling up to 18.3 trillion yen. This large-scale expenditure directly