The biggest variable this month is still the December 19th monetary policy meeting in Japan. A few days ago, the probability of a rate hike in December was as high as 75%, but yesterday it dropped a bit. The probability of a rate hike before March was as high as 90%.

From today's market perspective, it seems that there will be further upward movement in the coming days. Even if Japan raises interest rates, there is no need to panic; we can start positioning for long-term short positions around the 18th. For now, let's take advantage of the lows from the past two days.