last updated: 11/14/2025 9:22:44 AM NY time

APAC Market Overview and Key Instruments - November 14, 2025

Market Sentiment and Index Performance

The Asia-Pacific (APAC) market is experiencing a broadly negative sentiment following a sell-off on Wall Street the previous day. Major indices in China have declined by approximately 1.50% to 1.80%, while South Korea's KOSPI has fallen over 3.00%. Japan's Nikkei 225 index is down by 1.75%. This reflects ongoing concerns about global trade tensions and economic data uncertainties.

Currency Market Movements

The British pound is the weakest currency early in the day due to the suspension of income tax rise plans in the UK, creating a fiscal gap ahead of the upcoming budget. Conversely, the New Zealand dollar is performing well, supported by a rise in the October PMI to 51.4 and the Reserve Bank of New Zealand's easing of mortgage loan-to-value restrictions effective December 1.

Japanese Yen (JPY) Highlights

The Japanese Yen remains a focal point in the APAC currency markets. The USD/JPY pair has climbed into the intervention zone between 155 and 160, reaching a nine-month high of 155.044 on November 12, 2025. This rise is driven by uncertainty around the Bank of Japan's (BoJ) monetary policy and the momentum from the US economic reopening.

The BoJ's October rate decision included a softer inflation forecast for early 2026, and the Summary of Opinions revealed divisions among policymakers on tariffs, yen weakness, wages, and future rate hikes. Japanese producer prices rose 2.7% year-on-year in October, slightly below expectations, indicating cooling demand that may lead to softer consumer prices.

Prime Minister Sanae Takaichi has emphasized coordinated efforts between the government and BoJ to ensure strong economic growth and stable price increases, with regular reports from the BoJ expected. The USD/JPY outlook remains bullish but capped by potential intervention threats within the 155-160 range.

USD/JPY Technical Levels

• Daily Resistance: R3 at 156.491, R2 at 155.76, R1 at 155.143
• Daily Support: S1 at 153.795, S2 at 153.064, S3 at 152.447
• Weekly Resistance: R3 at 157.61, R2 at 156.04, R1 at 154.74
• Weekly Support: S1 at 151.86, S2 at 150.3, S3 at 148.99
• Monthly Resistance: R3 at 159.91, R2 at 157.13, R1 at 155.28
• Monthly Support: S1 at 150.65, S2 at 147.87, S3 at 146.02
• Annual Resistance: R3 at 188.264, R2 at 175.091, R1 at 166.233
• Annual Support: S1 at 144.202, S2 at 131.029, S3 at 122.171
• Last Closing Price: 153.00

Key APAC Market Instruments and Technical Sentiment

Several APAC-related instruments show mixed technical signals as of November 14, 2025:

• APAM: Last close 44.32, 9/13 count signal is buy. Mixed EMA/SMA signals with short-term EMA(10) short but longer-term EMAs mostly long. RSI and other momentum indicators are neutral to bullish.
• APD: Trading zone is long, with bullish short-term sentiment and mixed harmonic signals.
• EPAC: Last close 40.13, 9/13 count signal is buy, but technicals mostly short-term bearish with some long-term neutral indicators.
• JP225 (Nikkei 225): Last close 49856.5, 9/13 count signal is sell, reflecting recent downward pressure.
• SGD/JPY: Trading near daily resistance levels around 120.00, with mixed technical indicators.
• USD/SGD: Last close near 1.30, with resistance and support levels indicating a cautious trading range.

Commodity and Energy Market Update

WTI crude oil prices have risen by 1.40% following a Ukrainian drone attack on a Russian oil terminal at Novorossiysk port, a key hub for 2.2 million barrels per day. Natural gas prices are testing support levels around $3.35 to $3.40, influenced by US inventory reports. Brent oil is also under pressure amid ongoing geopolitical negotiations.

Outlook

The APAC market outlook remains cautious with volatility expected due to geopolitical tensions, trade negotiations, and central bank policy uncertainties, especially regarding the Bank of Japan and US Federal Reserve. Investors should monitor key economic data releases and policy announcements closely.