When will the Yen hit its lowest point?
In November 2023, the USD/JPY exchange rate reached 151.94 during the New York trading session, marking the lowest point in 32 years since August 1990. Behind this figure lies Japan's deep economic difficulties and the divergence in global monetary policies.
If we extend the timeline to 50 years, the Yen's depreciation trend actually began in 2012. At the end of that year, the USD/JPY exchange rate reached a historic high of 80 yen per dollar, initiating a more than ten-year cycle of depreciation. From 80 to 155, the Yen has experienced nearly a doubling of its value loss.
Three Major Factors Driving the Yen's Continued Decline
Long-term Overextension of Loose Monetary Policy
After the Abe government took office in 2012, it implemented aggressive quantitative and qualitative easing policies, injecting large amounts of liquidity into the market and deliberately suppressing the yen to stimulate exports. This policy has continued to this day, with the Bank of Japan maintaining over ten

In the toolbox of technical analysis, the KD indicator is undoubtedly one of the most popular indicators. Whether you are a novice just entering the market or an experienced trader, learning how to apply the KD indicator to judge market entry and exit points and identify trend reversals can significantly improve your trading success rate.
Quickly understand the core of the KD indicator
The full name of the KD indicator is the "Stochastic Oscillator," invented by American analyst George Lane in the 1950s. Its purpose is simple—by tracking the high and low price changes over a period, it helps traders capture market momentum shifts and overbought/oversold conditions.
The KD indicator's values range from 0 to 100 and consist of two lines:
- K line (%K, fast line): reflects the current closing price's relative position within the price range over the past n days, reacting sensitively to price changes
- D line (%D, slow line): is the K

Taiwan Futures Index has always been a hot topic among investors in Taiwan. It combines advantages such as dual-direction trading, leverage amplification, and night trading, attracting many short-term traders. However, for many beginners, questions like "What is the Taiwan Index Near All?" "How to trade steadily?" and "How to avoid risks?" are often confusing. Today, let's take an in-depth look at the most active index futures instrument in the market.
What exactly is the Taiwan Futures Index? A quick understanding of the core concept
The Taiwan Futures Index is a futures contract that tracks the movement of the Taiwan Weighted Stock Index. Simply put, it uses the Taiwan stock market's main index as the trading underlying. When you are optimistic about Taiwan's stock market prospects, buying Taiwan Futures Index can be profitable; conversely, when you are bearish, selling Taiwan Futures Index can also generate gains. This is what makes it most attractive to traders—both bulls and bears have the opportunity to profit.
The investment amount behind Taiwan Futures Index is quite substantial. For example, with the main Taiwan Futures Index (TX), if the weighted index is at 1

The Australian dollar was once the fifth largest traded currency globally (after the US dollar, euro, yen, and British pound), and AUD/USD is also one of the top five most actively traded currency pairs worldwide. Its high liquidity and low spreads allow market participants to effectively execute various trading strategies.
However, the reality is disappointing. Over the long term, the Australian dollar's performance has been quite weak over the past decade. Starting from around 1.05 in early 2013, by the end of 2023, the AUD/USD has depreciated by over 35%, while the US dollar index has risen by 28.35% during the same period. This is not just an AUD issue— the euro, yen, and Canadian dollar have also depreciated against the dollar, reflecting a global shift into a strong dollar cycle. The historical lows of the AUD are a direct result of this super-strong dollar cycle.
Why is the AUD stuck at a low level? Three major factors form a "deadlock"
The weak performance of the AUD is not due to a single reason. Market observations indicate that US tariff policies impact global trade, raw material out

As we approach the end of 2025, the TWD/JPY exchange rate has reached 4.85, and travel and investment demand for the Japanese yen are heating up again. Want to effectively control currency exchange costs? There are four ways to exchange JPY, each with its own nuances. Let's analyze them all at once.
Current TWD/JPY Exchange Rate Analysis
As of December 10, 2025, the TWD/JPY rate has reached 4.85, representing an 8.7% appreciation from the beginning of the year at 4.46. Since the second half of the year, Taiwan's currency exchange demand has increased by 25% annually, driven by a recovery in tourism and hedging needs.
From the Bank of Japan's perspective, Governor Ueda Kazuo has recently adopted a hawkish stance, with market expectations of an 80% chance of interest rate hikes. The December 19 meeting is expected to raise rates by 0.25 basis points to 0.75% (a 30-year high). Japanese government bond yields have hit a 17-year peak of 1.93%. The USD/JPY has fallen from a high of 160 at the start of the year to around 154.58, and in the short term, it may

In December 2025, the Taiwanese dollar against the Japanese yen has already broken through the 4.85 level, and travel, study abroad, and investment demand in Japan have surged again. Many people are asking: Is it a good time to exchange for yen now? Actually, there is no absolute "best time" to exchange currency; the key lies in choosing the right channels and strategies.
Should I exchange yen now? Exchange rate trend overview
From 4.46 at the beginning of the year to 4.85 now, the yen has appreciated by about 8.7%, and investment returns are quite substantial. But more importantly, the Bank of Japan's policy stance—Governor Ueda and his hawkish position—has pushed up rate hike expectations to 80%, with a rate increase of 0.25 bps to 0.75% expected at the December 19 meeting (a 30-year high). Japanese government bond yields have hit a 17-year high of 1.93%.
USD/JPY has fallen from a high of 160 at the start of the year to around 154.58 now. In the short term, it may rebound to 155, but medium- to long-term forecasts suggest it will stay below 150. This indicates that the yen's appeal as a safe-haven currency continues to strengthen.

Investors holding shares of a listed company naturally expect to share in the company's operational results. When the company is highly profitable, repays debts, and offsets past losses, it will return some of the profits to shareholders in the form of dividends. This dividend distribution mechanism fundamentally falls into two categories: one is direct cash dividends, and the other is free stock issuance. Which of these two dividend methods is more suitable for investors? This article will delve into the operational logic, calculation methods, and how to determine which type of dividend is more beneficial to oneself.
What is a dividend? The essential difference between the two types of dividends
A dividend is the act of a listed company periodically distributing profits to shareholders. The amount distributed depends on the shareholder's proportion of ownership and the company's articles of incorporation.
Dividends are divided into two main types:
Cash dividends (dividends, dividend payouts): The company directly deposits cash into the investor's account. Investors receive real money immediately but are subject to personal income tax, with the tax rate linked to the holding period.
Stock dividends

The exchange rate of New Taiwan Dollars (NTD) to Japanese Yen (JPY) just surged to 4.85. What does this number represent? It means that with 50,000 NTD, you can now get 48,500 JPY, which is an 8.7% increase compared to the exchange rate of 4.46 at the beginning of the year. As the Bank of Japan's interest rate hike expectations heat up and the NTD faces depreciation pressure, the Japanese Yen has shifted from being just "pocket money for travel abroad" to becoming a preferred safe-haven asset. But don't rush to exchange all at once, because the key to the next decision lies in choosing the right currency exchange method.
4 Ways to Exchange Currency, with Costs Differing by Over 2 Times
The easiest trap to fall into is thinking that all banks offer the same exchange rate. In reality, just exchanging currency between Taiwan Bank and Taipei Fubon Bank, the cash selling rate differs by 0.0009 (NTD 0.045), and this difference becomes significant when dealing with large amounts.
Counter cash exchange is the most traditional method and also the most costly. Taking Taiwan Bank as an example, the cash selling rate is approximately 0

Why Have Networking Stocks Become the New Favorite in Capital? The Logic Behind the Industry Cycle
Against the backdrop of global economic transformation and upgrading, network communication infrastructure has become a key investment focus for governments worldwide. The Biden administration in the United States announced a $42 billion investment to expand high-speed broadband coverage across the country, while the seven major industrial nations in the EU plan to invest $600 billion to ensure that household internet speeds reach 1G by 2030. These policy incentives have directly ignited investor enthusiasm for networking stocks.
In 2023, the overall performance of networking stocks has been impressive, with gains exceeding 35%, far outperforming the broader market. According to the latest data from Dell'Oro, the global communications equipment market size in 2022 approached $102 billion, maintaining a growth trend for five consecutive years, and is expected to exceed $120 billion by 2025. What does this figure represent? It signifies industry upgrades driven by the implementation of emerging technologies such as 5G and the Internet of Things, and networking stocks are precisely the beneficiaries of this wave of upgrade.

The Taiwan dollar has recently experienced a remarkable surge, rising nearly 10% over just two trading days. Not only did it set a record for the largest single-day increase in 40 years, but it also broke through the important psychological barrier of 30 yuan. What is the root cause of this exchange rate fluctuation? What signals does the USD exchange rate chart reveal? How should investors respond?
The appreciation of the Taiwan dollar is astonishing, standing out among Asian currencies
On May 2nd, the New Taiwan dollar against the US dollar surged by 5% in a single day, closing at 31.064, rewriting a 15-month high. After the weekend market closure, on May 5th, the Taiwan dollar continued to appreciate by 4.92%, even breaking the important psychological threshold of 30 yuan during intraday trading, reaching a high of 29.59 yuan.
Compared to other Asian currencies during the same period, the Taiwan dollar's appreciation is significantly leading. The Singapore dollar rose by 1.41%, the Japanese yen increased by 1.5%, and the Korean won surged by 3.8%. However, the rapid appreciation of the Taiwan dollar is quite unique among Asian currencies.
As of now, in just a short period of time,

For working professionals or financial managers who lack time for in-depth investment research, understanding what a fund is and how to achieve wealth growth through funds is often the primary question. This article will systematically analyze the core mechanisms of funds, various types, operational processes, cost structures, and allocation methods to help you establish a clearer investment decision-making framework.
What is a fund? Understanding the basics of fund investment
What is a fund? In simple terms, a fund refers to a securities investment fund, which is raised by banks or brokerages through issuing fund shares. The funds from numerous investors are pooled and managed by professional fund managers who make investment decisions, with the fund custodian responsible for safeguarding the assets. This is a collective investment approach that shares benefits and risks, and it is also an important tool for indirect securities investment.
The core advantages of funds are low investment thresholds (generally starting at 3,000 yuan), relatively lower risks, and professional management, making them very suitable for those who do not have sufficient time.

From 2024 to 2025, global financial market uncertainties are increasing, and gold has performed remarkably as a safe-haven asset, with gains approaching the highest in nearly 30 years. Factors driving gold prices include uncertainties in U.S. trade policies, Federal Reserve interest rate expectations, and ongoing increases in gold reserves by central banks worldwide. Professional institutions are optimistic about the outlook for gold and recommend different types of investors to participate rationally based on their own circumstances, but they must remember gold's volatility and cost management.

The current TWD to JPY exchange rate has reached 4.85. Coupled with the rising global economic uncertainties, more and more Taiwanese are paying attention to exchanging and allocating foreign currencies such as Japanese Yen and Australian Dollar. However, there are many ways to exchange currency, and differences in exchange rates could cause you to pay thousands of dollars more. This article summarizes the four most practical JPY exchange methods and provides comparisons with other foreign currencies like AUD, so you can understand everything in one go.
Why is the Japanese Yen worth exchanging? Three major reasons beyond travel
Many people think exchanging Yen is just for traveling abroad, but in reality, it’s much more than that.
Travel and Consumption Needs
Most Japanese merchants still rely on cash transactions (credit card penetration is only 60%). Whether shopping in Tokyo, skiing in Hokkaido, or vacationing in Okinawa, Japanese Yen are needed. Additionally, when purchasing Japanese cosmetics, clothing, or anime merchandise, you often need to pay directly in Yen to agents or Japanese platforms.
Investment and Hedging Value
The Japanese Yen is ranked among the world’s three major safe-haven currencies (alongside the US Dollar and Swiss Franc).

New York Gold Prices Fluctuate Significantly on Wednesday, Fed Divergences as the Main Driver
On Wednesday during New York trading hours, the gold market experienced a rollercoaster. Spot gold prices surged to an intraday high of $4132.86 per ounce after the open, then sharply declined, dropping to a low of $4055.53 per ounce, a decline of $77 in a short period. Although gold rebounded to around $4090 per ounce afterward, it faced renewed pressure following the release of the Federal Reserve's October meeting minutes, ultimately hovering around $4070 per ounce.
By the close on Wednesday, New York gold prices had risen slightly by 0.26%, closing at $4077.93 per ounce. The market had once surged over 1% during the session but failed to maintain the gains, reflecting market participants' hesitation and uncertainty.
Federal Reserve October Meeting Minutes Reveal Major Internal Divisions

Investors preparing breakfast the night before need to pay attention. Over the past week, the global markets have shown a diversified upward trend. The three major US stock indices rose together, commodity futures repeatedly hit new highs, and cryptocurrencies also rebounded. This reflects market expectations of easing inflation and anticipation of a policy shift by the Federal Reserve next week.
Inflation data brings a warm breeze, and the probability of Fed rate cuts rises to 87%
Last Friday, the US released the September core PCE price index, which increased by 0.3% month-over-month, and the annual rate fell from 2.9% in August to 2.8%. This inflation data, favored by the Federal Reserve, shows that price increases are moderating. The market interprets this as possibly indicating that tariffs' impact on prices is a "one-time" effect rather than a long-term structural pressure.
Based on this data, traders estimate that the probability of the Federal Reserve cutting interest rates at next week's meeting has reached 87%. The decision facing the departing Federal Reserve Chair Jerome Powell has become clearer—

After the US dollar enters an interest rate cut cycle, its rate expectations are expected to decline to about 3%. This change will impact the global market landscape, including capital flows and exchange rate trends. Investors should closely monitor central bank policies, trade conditions, and de-dollarization trends. It is predicted that the future US dollar index will fluctuate at high levels before weakening, which may benefit gold and Crypto. A flexible strategy is recommended to respond to market volatility.

Part 1: Why Should You Pay Attention to the Yen Now?
As of December 10, 2025, the NT dollar to Japanese yen exchange rate has reached 4.85. Compared to 4.46 at the beginning of the year, this represents an appreciation of 8.7%. This is not just a currency fluctuation that travelers should watch; it is also a time for investors to reassess their asset allocations.
From a lifestyle perspective, the recovery of tourism in Japan has driven a 25% increase in currency exchange demand; but from a financial analysis standpoint, the value of the yen is far more than that.
Why is the yen worth allocating?
Hedge Asset Property
The yen is one of the world's three major safe-haven currencies alongside the US dollar and Swiss franc. Japan's economy is stable, and debt is manageable. When market turbulence occurs, capital flows into the yen. Taking the Russia-Ukraine conflict in 2022 as an example, the yen appreciated by 8% within a week, enough to offset a 10% decline in the stock market. For Taiwanese investors, allocating to the yen is not only for travel but also a strategic hedge against Taiwan stock market risks.
Turning Point in Interest Rate Policy
Japan