On the eve of Trump's inauguration, the Dow Jones Industrial Average has seen its best weekly gain since the U.S. election, with Bitcoin approaching its all-time high, and most members of the Bank of Japan's Monetary Policy Committee will support a rate hike in January.
1. Important news on the 18th
1. This week, driven by two favorable inflation data releases and strong bank performance, Bitcoin's price surged and approached its all-time high. As Trump's inauguration date approaches, the market continues to focus on his policy direction, with U.S. stocks rising and the dollar strengthening. Trump may issue an executive order on cryptocurrencies, leading to a strong rise in Bitcoin.
2. Most members of the Bank of Japan's Monetary Policy Committee will support a rate hike in January. Some members remain cautious, hoping to finalize decisions after Trump's inauguration. The market widely expects the BOJ to raise rates again at the monetary policy meeting on the 24th, bringing Japan's policy rate up to 0.5%, a new high in 17 years. Factors such as increased wage growth, economic recovery, and the continued depreciation of the yen all provide favorable conditions for a rate hike. The yen rose nearly 1% this week, marking its best performance in over a month, with a brief surge past 155 to a one-month high on Friday.
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