SEPT 14, 2026 — Asia opens with Fed/BOJ on deck: yen near 7-month high, dollar steady, Modi-Xi talks leading India-China politics, and Samsung/SK Hynix rejecting KEPCO's W25tr power bill. Singapore tr

Japan: BOJ meeting is the yen event. Yen near 7-month high while dollar is steady says traders are hedging a hawkish BOJ even as Fed odds sit at 79.5% for upper bound above 3.75%. Watch USD/JPY at Tokyo open. Korea: Samsung and SK Hynix rejecting KEPCO's W25tr power-bill proposal is a margin fight. Electricity is a massive cost line for AI memory. If KEPCO won't blink, Korea's chip complex has a structural cost problem. North Korea's missile launches, called a strike drill, are a reminder Korea risk premium can spike without warning. Markets usually fade it. Watch KOSPI and USD/KRW for whether this time is different. India: NSE/BSE closed for Ganesh Chaturthi. No cash tape today means Modi-Xi "calibrated capitulation" politics gets priced tomorrow, not now. Gap risk is higher than usual. China/HK: Modi-Xi de-escalation would be a tailwind for HK/China risk. The issue is Congress calling it capitulation. Modi can't go too far without domestic backlash, so any China rally on this is frag

Japan: BOJ meeting is the yen event. Yen near 7-month high while dollar is steady says traders are hedging a hawkish BOJ even as Fed odds sit at 79.5% for upper bound above 3.75%. Watch USD/JPY at Tok