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Despite a decent rally on Wall Street, Asian stocks are poised for an early decline on Friday as traders increasingly speculate that the Bank of Japan (BOJ) is nearing the end of its negative interest rate policy ( NIRP). With the Yem surging, futures contracts in Japan have predictably declined, as exporters recoil. And shares across the regions are slipping as investors exhibit a cautious stance ahead of the US payroll data.

Traders have ears and eyes trained for any clarification from BOJ Governor Kazuo Ueda after his recent remarks suggested a more challenging environment, fueling speculation of a possible end of NIRP.

Despite a 1% slip the previous day after unveiling new AI processors to compete with Nvidia, AMD shares experienced a strong bounce, jumping nearly 10% by the close. This positive momentum in chip stocks supported US futures, contributing to efforts to put a floor under the market. The semiconductor industry has been marked by intense competition and technological advancements, with companies like AMD making strategic moves to capture market share in the AI processor space. This sector's volatility and rapid developments often impact investor sentiment and market dynamics.

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SPI Asset Management provides forex, commodities, and global indices analysis, in a timely and accurate fashion on major economic trends, technical analysis, and worldwide events that impact different asset classes and investors.

Our publications are for general information purposes only. It is not investment advice or a solicitation to buy or sell securities.

Opinions are the authors — not necessarily SPI Asset Management its officers or directors. Leveraged trading is high risk and not suitable for all. Losses can exceed investments.

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