USDJPY plunged 1.83% as the Yen surged on growing expectations of a BoJ rate hike, supported by hawkish comments from policymaker Hajime Takata. The Dollar also weakened after Fed Governor Waller signaled openness to holding rates steady if inflation continues to cool.
【US30 Market Forecast】US30 slips 0.94% as investor sentiment turns cautious on mixed earnings and rising U.S.-China trade tensions. Tech and industrials dragged the index lower, with disappointing results from Netflix and Texas Instruments. Even with solid Q3 numbers overall, investors are staying cautious ahead of key global events.
【US30 Market Forecast】US30 closed at 46,542.3 with 0.20% gains as AI enthusiasm boosted by OpenAI’s $500B valuation lifted market sentiment. Investors looked past shutdown drama and soft labor data, staying focused on possible Fed rate cuts. With RSI at 65%, the index may have room to climb further in the short term.
【USDJPY Market Forecast】The yen dropped to a 7-month low near 151.89 as fiscal concerns grew following Takaichi’s win and her push for aggressive stimulus. BoJ rate hike expectations for October have eased, while ongoing U.S. shutdown worries keep the dollar supported. Intervention risks rise as yen weakens.
【US500 Market Forecast】The S&P 500 rose 0.57% to a new record high, driven by strong gains in tech and AI, with chip stocks like AMD leading the charge. Even with Fed uncertainty and limited economic data from the shutdown, optimism around rate cuts and upcoming earnings optimism sustained bullish sentiment.