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

The Taiwan Stock Exchange has been allowing odd-lot trading during market hours since 2020, providing small investors with more flexible options. Odd lots are stocks with fewer than 1000 shares and offer liquidity, but transaction fees are relatively higher. The trading hours for odd-lot trading differ between market hours and after-hours, and transactions must be conducted through electronic orders. Investors should consider liquidity and costs, adopt appropriate strategies to improve execution efficiency, and choose suitable investment methods based on their own circumstances. Rational assessment is key to success.

Taiwan stocks today, under the strong capital injection of a total of NT$19.117 billion from the three major institutional investors, the weighted index surged by 322.89 points to 28,303.78 points, a gain of 1.15%, with trading volume expanding to NT$424.744 billion. Foreign investors led the net buy of NT$14.088 billion, investment trusts bought NT$1.029 billion, and proprietary traders bought NT$4 billion. The expectation of a 96% chance of a rate cut by the Federal Reserve in December continues to ferment, driving Asian funds to withdraw from Tech Stocks and shift towards financial and value stocks.
Foreign capital inflow remains strong, benefiting the Asian markets collectively
This week, foreign net inflows exceeded US$15 billion, making Taiwan stocks the focus, with major Asian indices all showing gains. The Nikkei 225 rose 1.2% to close at 39,800 points, South Korea's KOSPI increased 0.8% to 2,650 points, China's Shanghai Composite rose slightly by 0.3% to 3,150 points, and India’s Nifty 5

This article discusses the Fibonacci sequence and its application in financial markets, especially the importance of the golden ratio in technical analysis. Fibonacci retracement and extension tools help traders identify support and resistance levels and predict price movements. At the same time, traders are reminded to combine these tools with other strategies and risk management techniques to improve trading success rates.

In recent years, fractional share trading has become the gateway for small investors in Taiwan to enter the stock market. Compared to the investment threshold of hundreds of thousands of dollars for whole shares, fractional trading attracts many novice investors with its flexibility and low costs. This article will take you through all aspects of fractional share trading, including basic concepts, trading rules, fee structures, and practical tips on how to sell stocks more quickly.
What are fractional shares? Why do they exist?
Definition and Origin of Fractional Shares
The basic unit of stock trading is a "lot," with 1 lot equal to 1,000 shares. When investors hold fewer than 1,000 shares, these scattered shares are called "fractional shares," with the minimum trading unit being 1 share.
Fractional shares are usually generated during stock transactions. For example, if you place an order to buy 1,500 shares of a stock, but only 1,000 shares are executed at your target price in the market, the remaining 500 shares will become fractional shares. Additionally, in

After investors buy shares of a listed company, the company will distribute dividends to shareholders as a return when it profits. But many investors are confused: how is the dividend calculated? Which is more profitable, holding stocks or cash? This article will delve into the dividend distribution mechanism and teach you how to accurately calculate the difference in returns.
Two dividend methods, vastly different returns
There are two forms of dividend distribution by listed companies. One is cash dividends, which are directly transferred to investors' accounts; the other is stock dividends (bonus shares), which increase the number of shares held by investors.
Cash dividends require the company to have sufficient cash on hand. After distribution, it directly reduces the company's available funds, putting pressure on liquidity. Stock dividends have a lower threshold; as long as the distribution conditions are met, they can be implemented, even if the company's cash situation is tight.
However, for investors, the actual return effects of the two methods are completely different.
How to calculate dividends: a complete guide to three payout methods
Pure cash dividend
Calculation formula: number of shares held

Key Words of the Era: Sticky Rates and Policy Uncertainty
As 2026 approaches, the global investment market stands at a crossroads. On one side, inflation is more stubborn than expected, and high interest rate environments may persist longer; on the other side, the US election year brings policy variables, from taxes to trade to regulation, all of which could face adjustments. This "macro double whammy" situation will profoundly influence how you should allocate your investment portfolio.
Recent remarks by Atlanta Federal Reserve Bank President Bostic are worth taking seriously—price pressures may not truly ease until 2026, and the US inflation rate is unlikely to fall below the 2% target before the end of the year. More critically, he explicitly stated that interest rates may need to remain at current levels until the end of 2026 because the economic structure has already changed (corporate streamlining, accelerated technological substitution), and simply cutting rates cannot fundamentally solve the problem.
In other words, 2026 is not a year for rate cuts, but a year to adapt

Disposal stocks are stocks that are restricted due to abnormal trading. Trading is divided into two phases, with restrictions gradually increasing. Investors can purchase, but should carefully evaluate the company's fundamentals and shareholding structure, and avoid blindly chasing the hype to reduce risks. Confirm the investment value before taking action.

Why are so many people suddenly using cold wallets?
In recent years, more and more people have become accustomed to conducting crypto transactions via mobile phones and web platforms. This "anytime, anywhere" convenience is indeed appealing. But the accompanying problems are also quite painful—lost private keys, stolen seed phrases, hacked wallets... These incidents happen frequently, causing many to suffer heavy losses.
At this point, cold wallets have become the "safe deposit box" choice for many crypto investors. According to data from Blockchain.com, the number of crypto wallet users reached 80 million in 2022, and the hardware wallet market is still booming—Research And Markets predicts that by 2032, the hardware wallet market size will reach $3.6 billion. The demand is here, and so is the market opportunity.
What exactly is a cold wallet? How does it fundamentally differ from a hot wallet?
Before discussing cold wallets, let's first talk about crypto wallets.

The NT dollar to Japanese Yen exchange rate has reached 4.85, hitting a new annual high. The enthusiasm for travel to Japan and Yen investments has surged again. But what's the most cost-effective way to exchange? Many think just going to the bank is enough, but they may not realize that the exchange margin alone could cost hundreds more.
This article summarizes four practical currency exchange channels, comparing the latest rates and handling fees, so you can easily see which option is best. Whether for travel or investment, you can minimize costs.
Why is the NT dollar to Yen exchange rate worth paying attention to?
The demand for Yen in Taiwan is not only because Japan is fun but also involves practical needs related to daily life and investment.
Travel and daily expenses — shopping in Tokyo, skiing in Hokkaido, vacations in Okinawa, etc., still mainly use cash (credit card penetration is only 60%), and purchasing agents often need to pay directly in Yen. Students studying abroad or working holidaymakers also exchange currency in advance to avoid increased costs due to sudden exchange rate fluctuations.
Hedging asset properties — the Yen is ranked among the world's three major safe-haven currencies (along with the US dollar and Swiss Franc).

Full delivery stocks require full payment. Companies typically face operational or financial crises, with high risks, significant volatility, and insufficient liquidity. During trading, funds must be deposited into the broker account, and the buying and selling process differs from that of regular stocks. Unlocking requires meeting specific conditions, making it suitable for investors who understand the risks.

In trading markets, many beginners only focus on price fluctuations, but they overlook the true messages hidden behind trading volume. Volume is the soul of price, and changes in the volume-price relationship are a true reflection of market participants' psychological states. Today, let's delve into the 5 common volume-price interaction patterns and their implied trading opportunities.
What is the volume-price relationship?
The volume-price relationship refers to the intrinsic logical connection between stock price movements and the accompanying trading volume. In technical analysis, this is a key tool for judging trend strength and predicting future market directions.
When market participants show interest in price changes, trading volume will increase accordingly; conversely, when market sentiment is dull or cautious, trading volume will shrink. Through this volume-price interaction, we can more accurately assess the true intentions of the market, rather than being deceived by superficial price fluctuations.
Below is a quick reference table of 5 typical volume-price patterns:
| Volume-Price Pattern | Specific Performance

In stock investing, the interaction between trading volume and price cannot be ignored. The volume-price relationship can indicate market sentiment and future trends, for example, rising prices with decreasing volume suggest weak upward momentum, while falling prices with increasing volume may signal a potential rebound. Understanding these combinations can help investors seize opportunities and avoid risks; trading volume is one of the key indicators.

Federal Reserve Policy Signal to Be Revealed Tonight
On November 26, positive signals emerged before the US stock market opened, with the three major stock index futures generally rising—Dow Jones futures up 0.26%, S&P 500 futures up 0.27%, Nasdaq 100 futures up 0.35%. Among them, Google (GOOG) had the most eye-catching pre-market gain, rising 1.31%, amid market rumors that Meta will adopt Google TPU chips. In contrast, Nvidia (NVDA) retreated 1.36%, and Tesla (TSLA) slightly increased by 0.55%.
Beige Book and Initial Jobless Claims Data Diverge, Dollar Outlook Split
Today’s US stock trading highlights three key data points. First, at 21:30 Eastern Time, initial jobless claims and September durable goods orders will be released. The market expects initial claims to be 225,000; if the actual number exceeds expectations, it could put pressure on the dollar. More critically, the Federal Reserve will hold a meeting at 3:00 a.m. on Thursday.

In the global foreign exchange market, investors usually focus on mainstream currencies such as the US dollar and euro, but often overlook some less popular currencies with high volatility and strong trends. The South African Rand (ZAR) is such an investment asset with high risk and high opportunity, and its historical performance is enough to attract the attention of professional traders.
What is the South African Rand? Why is it worth paying attention to
The Rand is South Africa's official currency, issued by the South African Reserve Bank, and officially adopted in 1961. After evolving through a managed floating exchange rate system in 1974 and the abolition of the dual exchange rate system in 1995, the Rand ultimately became a currency under a single floating exchange rate regime.
Unlike conventional currencies, the Rand is classified as a risk asset. When global financial markets are optimistic, capital flows into emerging market countries can push the Rand to appreciate; conversely, when investors' risk appetite declines and capital withdraws to major economies like the US, the Rand faces depreciation pressure. This characteristic makes it a

In the Asian markets, gold prices (XAU/USD) experienced a pullback on Thursday, with the rebound momentum near the monthly lows created earlier last week gradually fading. The main factors driving this correction include progress in US-Vietnam trade negotiations, which eased market risk aversion sentiment. At the same time, the modest rise in the US dollar also exerted downward pressure on this traditional safe-haven asset.
However, from a deeper macroeconomic perspective, the dovish expectations for the Federal Reserve still provide fundamental support for gold. Traders generally believe that the US central bank is about to initiate a new cycle of rate cuts. The soft US private sector employment data released on Wednesday further solidified this expectation. The current market focus has shifted to the US non-farm payroll report, which will directly influence the Fed's policy outlook and thus determine the short-term trend of non-yielding assets like gold.
Trade Negotiation Developments Bring Structural Changes
The Trump administration advanced negotiations with Vietnam this week

When it comes to international investments, many people immediately focus on stock market fluctuations and oil price changes, but they often overlook an invisible操盤手—the US Dollar Index. This seemingly abstract indicator actually influences your asset allocation, exchange rate gains and losses, and even determines the flow of global hot money.
What exactly does the US Dollar Index measure?
Imagine trying to assess an athlete's performance improvement—you can't just look at their single-game score; you need to compare it with other competitors. The US Dollar Index (USDX or DXY) is exactly like that—it doesn't measure the absolute value of the dollar but tracks its overall strength relative to major global currencies.
Specifically, this index includes exchange rate data from six major currencies:
| Currency | Weight |
|----------|---------|
| Euro (EUR) | 57.6% |
| Japanese Yen (JPY) | 13.6% |
| British Pound (GBP) | 11.9% |
| Canadian Dollar (CAD) | 9.1% |
| Swedish Krona (SEK) | 4.2% |
| Swiss Franc (CHF) | 3.6% |

Why is the Swiss franc considered a stable safe haven?
As a historically neutral country, Switzerland's currency, the Swiss franc (CHF), has long been regarded by the market as an important safe haven asset. Whenever there is turmoil in the global financial markets—be it the 2007 financial crisis, the 2011 European sovereign debt crisis, or the current trade tensions—capital tends to flow into these low-risk assets.
So, in the current environment, does the Swiss franc still hold investment appeal? The answer is yes, but its trend is no longer as straightforward as in the past.
Multiple Factors Driving the Swiss Franc's Movement
The Key Role of Central Bank Policies
The actions of the Swiss National Bank (SNB) have a direct impact on the exchange rate. In the past two years, the SNB has shifted from tightening to easing policies. In June 2025, the Swiss central bank lowered its policy rate to 0%, marking the first time since the end of the negative interest rate era in late 2022 that it has reached zero.
The central bank's move has been deeply...

Imagine a tool that condenses a stock's entire day's price movements into a single line, allowing you to instantly see what the market is playing at. This is the charm of the candlestick chart. For investors, learning to read candlesticks is not just a basic skill but also a stepping stone to advanced trading.
What is a candlestick chart? Why learn it?
Candlesticks, also called candlestick charts or K-lines, visually represent four key prices within a period—opening price, highest price, lowest price, and closing price. Simply put, they tell the market's story through colors and shapes.
The core of a candlestick chart has two parts. The candlestick body is the rectangular area in the middle, hiding the battle between bulls and bears. When the closing price is higher than the opening price, the body is red, called a "Yang line," indicating the buyers are in control; conversely, if the closing price is lower than the opening price, the body is green, called a "Yin line," indicating the bears are dominating.
However, there's a small detail—different markets have variations in the three lines of a stock chart.