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Can I still exchange Japanese Yen now? Exchange Rate Analysis
As of December 10, 2025, the TWD to JPY exchange rate is 4.85, which has appreciated about 8.7% from the beginning of the year’s 4.46. For those planning to travel to Japan or allocate hedging assets, is it really worth exchanging Yen now?
The answer is: Yes, but it’s advisable to do so in installments.
The Bank of Japan Governor Ueda Kazuo has recently taken a hawkish stance, and the market expects a rate hike to 0.75% at the December 19 meeting (a 30-year high), with Japanese government bond yields reaching a 17-year high of 1.93%. USD/JPY has fallen from the high of 160 at the start of the year to 154.58, with short-term fluctuations possibly returning to 155, but the medium- to long-term trend points below 150. For Taiwanese investors, the Yen, as one of the world’s three major safe-haven currencies (alongside the US dollar and Swiss franc), offers hedging value during times of increased volatility in Taiwan stocks and pressure on the Taiwanese dollar to depreciate.
4 Major Channels and Tips for Exchanging Yen

Moving Averages are essential tools for technical analysis
When conducting technical analysis, no indicator is more classic than the Moving Average. Whether you are a seasoned trader or a beginner, understanding price trends is indispensable. The Simple Moving Average (SMA), as the most intuitive and easy-to-understand tool, has become the first choice for many newcomers.
Deepen Your Understanding of the Principles of Simple Moving Averages
The calculation logic of the Simple Moving Average (SMA) is straightforward: sum all closing prices within a certain period, then divide by the number of days in that period to get a data point. Connecting multiple data points forms the trend line we see.
For example, using 15 days of stock prices, suppose:
- Week 1 (5 days): 30, 35, 38, 29, 31
- Week 2 (5 days): 28, 33, 35, 34, 32
- Week 3 (5 days)

Economic Data Weakening, Bank of England December Decision Could Mark a Turning Point
This Thursday, the Bank of England will announce its December interest rate decision, which is likely to be a watershed moment for the pound. The market widely expects the BOE to cut the benchmark rate by 25 basis points to 3.75%, marking the fourth rate cut this year and the lowest level in three years. Based on market sentiment, the probability of the BOE taking action has exceeded 90%, and many analysts expect further moves before April next year.
Supporting the BOE's potential action are recent weak economic data. UK GDP unexpectedly declined by 0.1% month-on-month in October, contrasting sharply with the previously expected 0.1% growth, marking two consecutive months of contraction. Meanwhile, the unemployment rate has risen to its highest level since early 2021, signaling a weakening labor market.
Inflation has also eased. The UK Consumer Price Index for November rose by 3.2% year-on-year, the lowest in nearly eight months.

In daily operations of international trade, cross-border investment, and even foreign exchange trading, quickly and accurately recognizing and using currency symbols has become an essential skill. This article will systematically organize the symbol representations of major global currencies, input techniques, and the common confusions between different symbols, enabling you to flexibly handle various financial transaction scenarios.
Why is it necessary to master the use of currency symbols?
Currency symbols are a shorthand way to visually simplify the representation of currency names. From supermarket price tags to foreign exchange trading screens, from financial statements to investment contracts, currency symbols are everywhere. Their core functions include three aspects:
Identity recognition: Each symbol represents the currency of a specific country or region. Seeing € immediately associates with the Eurozone economy, while seeing ￥ clearly corresponds to the Renminbi or Japanese Yen. This instant recognition ability is crucial for international investors to track exchange rate fluctuations and monitor currency pair performance.
Simplified writing efficiency

In the stock market, most novice investors initially believe that only rising prices lead to profits and falling prices result in losses. However, in reality, there is a group of investors who can still profit during a decline in stock prices, precisely because they have mastered the art of short selling. Whether it’s stocks, forex, commodities, or other financial products, as long as the right tools and strategies are used, investors can generate gains in a declining market.
However, it is especially important to emphasize that short selling requires excellent timing and risk management skills. Most short sellers in the market are not solely pursuing profits; more importantly, they use short selling for hedging and risk mitigation. Although short selling can bring substantial returns in the short term, the risks involved are equally significant. This article will provide an in-depth explanation of how stock short selling works and teach you how to correctly execute short selling operations through five steps, covering core topics such as short selling eligibility requirements, stock selection strategies, operational techniques, and risk control.

"Can forex trading make money?" This is the most common question asked by many new traders entering the market. The answer is yes— but only if you understand the correct approach.
As the world's largest and most liquid financial market, the forex market has a daily trading volume of over 6 trillion USD, far surpassing the stock and futures markets. In the past, it was mainly monopolized by financial institutions and high-net-worth individuals, but with technological advancements, over 30% of forex trading now comes from retail traders, and this number continues to rise.
However, the reality is harsh—according to multiple industry reports, 70%-90% of individual forex investors have experienced losses. If you have no idea how to "play" forex, this guide will help you build a correct understanding framework.
Forex Investment Introduction: Comparison of the Three Major Investment Channels
To participate in the forex market, you first need to understand the available channels. The risks, returns, and entry barriers of different channels vary.
| Investment

Copper prices surge 30%, can this rally still be chased?
In the past two months, copper prices have risen by 17%, and the stock price of Freeport-McMoRan (FCX), the leading international copper miner, has increased by 30% in just a month and a half. Is this rise in copper stocks a short-term hype or a long-term trend? To answer this question, we must first understand the operational logic of the copper industry chain.
From mine to end-use application, copper goes through three stages: mining, smelting, and processing. In this industry chain, companies at different positions react very differently to copper price changes—some profit immensely, while others get trapped. Only by understanding this can we accurately assess the investment opportunities in copper stocks.
Copper Industry Chain Deep Dive: Who Are the Real Winners?
Upstream mining companies: The higher the copper price, the thicker the profit
Upstream copper companies involved in mining and selling copper see their profits directly increase as copper prices rise. High industry concentration means larger companies are more likely to monopolize pricing power and secure a bigger share.

As the world's largest capital market, the US stock market's performance influences the nerves of global investors. However, many novice investors face a question: which index should they look at for the US stock market? In fact, unlike Taiwan's stock market, which only has the Weighted Index, the US has multiple major indices, each with its own characteristics, representing different aspects of the market.
Why does the US stock market need multiple major indices?
Before delving into the four major US indices, it's important to understand a core concept: the role of a market index is to reflect the overall market condition. However, the US stock market is large and has numerous listed companies, so a single index cannot fully capture the entire market's landscape. Therefore, different indices have emerged, each presenting the health of the US stock market from different angles.
For example, Japan uses the Nikkei Index to gauge economic conditions, Taiwan uses the Weighted Index to track trends. The US takes it a step further by establishing four of the most representative major indices, allowing for a more comprehensive view.

Hong Kong Stock Market Current Situation and Development Context
The Hong Kong stock market has a trading history of over 150 years and is considered one of the most mature capital markets in Asia. The first stock exchange in Hong Kong was established in 1891. After multiple mergers and reorganizations, it ultimately merged into the "Hong Kong Exchanges and Clearing Limited" in 1986. In 2000, HKEX completed restructuring and was listed, becoming Hong Kong's only official securities trading platform.
According to the latest statistics, as of the end of May 2025, the total market capitalization of Hong Kong stocks reached approximately $5.2 trillion, ranking among the top in the global securities markets. This enormous market size reflects Hong Kong's important position as an international financial hub.
Introduction to Hong Kong Stocks: Why Worth Paying Attention To
Market Regulation and Supervisory System
Hong Kong's securities market is renowned for its clear and transparent trading rules and strict regulatory framework, with a leading global ranking in investment environment fairness. This rigorous market ecosystem provides investors with

Supply Gap Influences Future Market Trends
The global precious metals market is experiencing a structural shift. Analysts point out that the core drivers behind the continuous rise in platinum prices stem from long-term supply imbalances and capital reallocation. Edward Sterck, Research Director at the World Platinum Investment Council, admits that by 2025, the global platinum market will enter its third consecutive year of supply deficits, a gap expected to persist until 2029.
South Africa, which accounts for over 70% of global platinum production, has recently fallen into a "triple dilemma"—increasingly severe ore aging, frequent power outages, and extreme weather attacks. These structural issues have led to a continuous decline in output, with the spot market indicator—the platinum monthly leasing rate—rising to a historic high of 14.12%, fully reflecting market tension.
Federal Reserve Rate Cuts Drive Precious Metals Rally
On December 18, platinum prices surged over 3%, closing at 197

Currently, Bitcoin is hovering around $91.17K, and market sentiment is extremely fearful. The Federal Reserve's recent interest rate cut policy has sparked disagreements, and future liquidity improvements may be slow. On-chain market signals indicate that investors are withdrawing funds from exchanges, suggesting bottom accumulation. Different investors should adopt differentiated strategies based on market conditions; long-term holders can focus on buying opportunities at historical lows. The upcoming leadership change at the Federal Reserve may impact liquidity, but the overall market trend remains positive. Investors need to seize long-term opportunities.

At the end of the year, the crypto market faces a "liquidity vacuum" dilemma. Ethereum(ETH) has recently lacked trading volume support, quickly retreating after a surge. Institutional fund outflows have increased, while retail investors are significantly adding to their positions. The key support level is at 2970-3000. If it falls below 2900, the risk will increase. It is recommended to maintain a light position and set stop-losses, and look for opportunities once liquidity recovers.

The Core Drivers of Strong Stock Price Performance
On the 23rd, Taiwan's leading advanced materials and precious metals recycling company, Koyo Industrial (1785), saw its stock price break through a nearly six-month consolidation range, with a strong intraday limit-up. It ultimately closed at 69.3 NT dollars, reaching a new high not seen since July last year, surpassing one and a half years. This rally is not a fleeting phenomenon; at the close, there were still tens of thousands of buy orders queued at the limit-up, reflecting the market's shift from cautious observation to optimistic outlook on Koyo Industrial.
Dual Engines of Fundamental Growth, Revenue and Profit Rise Together
Koyo Industrial's latest consolidated revenue for November reached 3.816 billion NT dollars, a month-on-month increase of 14% and a year-on-year growth of 26.39%. Not only did this set a new record for the month, but the cumulative revenue for the first 11 months also refreshed the same period records of the past decade. Behind this impressive performance is the company's continuous optimization of its VAS (Value-Added Services, which excludes the raw material costs of precious metals) business. Compared to general precious metals trading, the gross margin of the VAS business...

What is inflation?
Inflation, abbreviated as "inflation," refers to an economic phenomenon where prices continuously rise over a period of time. When inflation occurs, the purchasing power of the same amount of money gradually decreases, in simple terms, money becomes increasingly worthless. The most common indicator used to measure inflation is the Consumer Price Index (CPI), which reflects changes in the prices of goods and services purchased by consumers.
Where does inflation come from?
The essence of inflation is that the amount of money circulating within the economy exceeds the actual demand, with too much money chasing limited goods. The main factors causing inflation include:
Demand-pull inflation: When demand for goods increases, businesses boost production and raise prices. As business profits increase, it further stimulates consumption, creating a cycle. Although this leads to rising prices, it also drives economic growth (GDP). Governments often actively stimulate demand to promote economic development.
Cost-push inflation: Raw materials

The divergence rate is a technical indicator that measures the deviation of stock prices from moving averages and can reflect market sentiment. Its calculation requires selecting appropriate moving average periods and parameters, and adjusting them flexibly. To effectively use the divergence rate to find buy and sell points, it is necessary to set overbought and oversold thresholds, combine multiple moving averages and other technical indicators for analysis, and avoid using it alone, in order to improve trading success rates.

Leverage is the mechanism of borrowing in trading, and the leverage ratio is a measure of its strength. Leverage can amplify both the gains and risks of a trade; the higher the ratio, the greater the risk. Beginners should start practicing with low leverage ratios to adapt to market fluctuations and find an appropriate risk tolerance.

This article provides an in-depth analysis of candlestick charts (K-lines), including their structure, patterns, and practical applications. It focuses on the components of K-lines, classification by time cycles, and pattern interpretation. Additionally, it offers core principles and practical techniques for traders' analysis, helping beginners understand market sentiment and trend judgment.