DF
Forex News
Forex Today: Asian Stock Market Continues Strong Rally

Advertiser Disclosure

Advertiser Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Forex Today: Asian Stock Market Continues Strong Rally

By Adam Lemon Created on November 03, 2025

Global equities continue to look bullish, especially in Asia, where markets are ending the day up by an average of 0.6%.

Broadly bullish stock markets look set to remain that way, with MSCI’s World Index Asian shares up by an average of 0.6%. It was a public holiday in Japan today, but the Korean KOSPI Composite is ending the day up by more than 2.5%, reaching a new all-time high price. In off-hours trading, major US indices look much more subdued.
There will be a release today of Swiss CPI data, which is expected to show a month-on-month contraction of 0.1%. A currency with deflation can be expected to be naturally strong.
There will be a release today of US ISM Manufacturing data.
Attention is shifting towards the US Supreme Court, which is expected to begin ruling this Wednesday on the legality of President Trump’s tariffs which have been imposed this year. Interpretations of the US constitution differ on whether the President has the power to decree such tariffs. If the Supreme Court finds the tariffs were unlawful, which is unlikely, we can expect a lot of volatility in capital markets.
In the Forex market, it has been a very quiet Asian session. The Australian Dollar has been the strongest major currency since today’s Tokyo open, while the Japanese Yen has been the weakest. The USD/JPY currency pair remains in focus after triggering a long trade entry at most trend-following funds three weeks ago and is looking more bullish as it trades above ¥154.00 very close to a new 6-month high price. Trend traders will want to be long here, and momentum traders will be looking for a bullish breakout.
Soybean futures have made a new bullish breakout to a 4-month high price, which is attracting some trend followers to trade it long. Soybeans got a boost last week when China agreed to resume purchases of US soybeans. If Soybean futures are too big and expensive for you, you could consider the more accessible and affordable ETF SOYB if you want exposure.