Daily Market Update | Friday, December 19, 2025

The Bank of Japan raised its policy rate by 25 bps to 0.75% (from 0.50%) and reiterated that future moves will remain data-dependent, with emphasis on real rates and lending conditions. In FX, USD/JPY was around 155.81 after the decision. In China, markets expect the 1Y/5Y LPR to stay at 3.0%/3.5%, with policymakers cautious about further margin pressure on banks. Meanwhile, high demand and Fed-cut pricing kept precious metals supported: gold ~$4,326.89, silver ~$65.8365, platinum ~$1,937.50.