Regarding the market trend following the Bank of Japan's rate hike decision today, a very clear key conclusion is: the core contradiction in the market has shifted from "whether to raise interest rates" to "how much more will be raised in the future," so the market's rise or fall will depend entirely on the hints about the interest rate path beyond 2026 that Governor Ueda Shinji will give at the press conference at 14:30 this afternoon.

In simple terms, the market generally believes that the rate hike itself has been fully anticipated and digested, and will not be the main factor driving large fluctuations in the market.

Below, I have created a projection chart that visually demonstrates the main asset price trends that may occur depending on the degree of "hawkish" or "dovish" tone in Ueda Shinji's speech.

In summary, today's market movement is not random but a reading comprehension question. The answer will depend entirely on the signals in the text released by the Bank of Japan and the tone of the governor's speech! I will share the key points to watch for during the day, so stay tuned with Zhongling Bu Milu! Good night!