Nvidia Earnings Pressure Asian Tech as Yen Firms | Technical Analysis | Asian Session | 25 Aug 2026
Tech Jitters Deepen Ahead of Nvidia Earnings as Kospi Slides Again, the Yen Firms on 84% BOJ September-Hike Odds, and Traders Brace for US PCE and Jackson Hole
USD/JPY · AUD/USD · Copper · Corn · Nikkei 225 · Litecoin · Solana — live Asian market outlook today, updated through the trading session
Asian Market News — Live Now, 25 August 2026
Top-moving headlines shaping the Asian market outlook today, updated through the morning
Asian Tech Shares Fall as Nvidia Earnings Loom, Kospi Extends Slide
Asian equities are broadly softer on Tuesday as a chip-stock selloff that hit Wall Street overnight spills into the region, with traders positioning defensively ahead of Nvidia’s Q2 FY2027 results after Wednesday’s US close; consensus looks for revenue near $92-95bn with full-year guidance seen in the $103-105bn range. South Korea’s Kospi, still reeling from Monday’s Samsung-payout disappointment, is down a further 2.4-2.7%, while Japan’s Nikkei 225 has slipped roughly 0.7% as Advantest, Kioxia and other AI-linked names extend their recent underperformance.
EquitiesBOJ September Hike Odds Surge to 84% as Ueda and Himino Prepare to Speak
Prediction-market pricing for a 25-basis-point Bank of Japan rate increase at the 17-18 September meeting has jumped to roughly 84%, up sharply from about 21% a few weeks ago, after the BOJ’s July Summary of Opinions flagged rising upside inflation risks and warned core inflation would clearly move above 2% in the back half of the fiscal year. Deputy Governor Ryozo Himino is due to speak this week, with Governor Kazuo Ueda expected to follow with a press briefing after G20 talks, keeping the Japanese Yen forecast this week firmly in focus.
Central BanksUSD/JPY Forecast Today: Pair Eases Toward 159.00 as Yen Firms on Hawkish Repricing
USD/JPY is trading softer near 159.00-159.30 during the Asian session as the sharp jump in BOJ September rate-hike odds lends the Japanese Yen fresh support; the pair remains within its recent 156-163 range, with bank forecasters split — MUFG sees USD/JPY near 158 by year-end while Goldman Sachs and J.P. Morgan look for a push toward 163-164. Wednesday’s Nvidia earnings and Friday’s Jackson Hole keynote from Fed Chair Kevin Warsh are the clearest near-term swing factors for the USD/JPY forecast this week.
FXAUD/USD Holds Near 10-Week Highs as Broad Dollar Softness Persists
AUD/USD is consolidating firm gains near 0.7160-0.7175, close to a 10-week high, as broad US Dollar softness — linked in part to reports the US Treasury could expand its use of the cash account to fund additional debt buybacks — continues to support commodity-linked currencies even as risk appetite in regional equities wavers. The Aussie’s resilience through Monday’s Asia tech selloff underscores its recent decoupling from broader regional risk sentiment.
FXCopper Retreats to $6.60/lb as Exchange Inventories Build, Even as Congo Flooding Threatens Supply
Copper futures have eased to around $6.60 per pound, retreating from recent highs after LME-monitored inventories rose roughly 16% above their February low and SHFE-monitored stocks jumped 28.4% last week, easing near-term supply-tightness concerns. The pullback comes even as Zijin Mining warns that flooding at the Kamoa-Kakula complex in the Democratic Republic of Congo could cut its share of copper production by as much as 57,000 tonnes this year, a structural risk that keeps the medium-term outlook underpinned.
CommoditiesSolana Extends Powerful Rally Toward Mid-$90s as Litecoin Holds Gains Near $52
Solana is holding a multi-week breakout near $101-102, up more than 25% over the past week on sustained inflows into Bitwise’s and Fidelity’s spot Solana ETFs and continuing corporate-treasury accumulation, with sentiment readings firmly in “Greed” territory. Litecoin is consolidating recent gains near $52, up around 17% over the past week, as the broader crypto complex shrugs off Monday’s tech-led risk aversion and rides the same liquidity tailwind lifting Solana.
CryptoLive · Updated through the Asian morning session, Tuesday 25 August 2026
Asian Economic Calendar This Week — 25 August 2026
Key releases and events shaping price action through the week
| Time | Event | Forecast / Detail | Impact | Market Read |
|---|---|---|---|---|
| 🇺🇸Today (Asian Morning) | US Sanctions on Iran-Linked “Enablers” | Rollout seen as less severe than the “economic D-Day” rhetoric implied | 🟢 MEDIUM | Oil prices extended losses as the measures fell short of worst-case fears |
| 🇳🇵Ongoing | Chip-Stock Selloff Weighs on Nikkei and Kospi | Nikkei down ~0.7%; Kospi down 2.4-2.7% intraday | 🔴 CRITICAL | Positioning ahead of Nvidia earnings is the dominant near-term driver of Asian tech sentiment |
| 🇯🇷This Week | BOJ Officials’ Public Remarks (Himino, then Ueda) | September hike odds near 84% per Polymarket pricing | 🔴 CRITICAL | Any pushback against aggressive hike pricing would be a fresh Yen catalyst |
| 🇺🇸Wednesday, 26 August (After Close) | Nvidia Q2 FY2027 Earnings | Consensus revenue near $92-95bn; guidance seen at $103-105bn full-year | 🔴 CRITICAL | The week’s single biggest catalyst for global AI-infrastructure sentiment and risk appetite |
| 🇺🇸Wednesday, 26 August | US Q2 GDP Second Estimate & July PCE Inflation | Final major data checkpoint before Warsh’s Jackson Hole keynote | 🔴 CRITICAL | Last significant print shaping year-end Fed rate-path expectations |
| 🇺🇸Thu-Sat, 27-29 August | Jackson Hole Economic Policy Symposium | Central bankers from more than 70 countries gather in Wyoming | 🔴 CRITICAL | Sets the tone for global monetary policy into September meetings, including the BOJ |
| 🇺🇸Friday, 28 August | Fed Chair Kevin Warsh’s First Jackson Hole Keynote | 10:00am ET at Jackson Lake Lodge, Wyoming | 🔴 CRITICAL | Seen as the single biggest swing factor for the Dollar, the Yen and global risk appetite this week |
Asian Session Trade Ideas — USD/JPY Forecast Today and More
Technical setups and fundamental context across the session’s seven key instruments
USD/JPY
Fundamental Backdrop
USD/JPY has eased toward 159.00-159.30 as prediction-market odds of a 25bp BOJ hike at the 17-18 September meeting jumped to roughly 84% from about 21% only weeks ago, after the BOJ’s July Summary of Opinions flagged rising upside inflation risks. Deputy Governor Himino and Governor Ueda are both due to speak this week, and either could validate or push back against the aggressive repricing, making their remarks the clearest near-term Yen catalyst alongside Wednesday’s Nvidia earnings and Friday’s Jackson Hole keynote.
Technical Outlook
The pair remains inside its broader 156-163 range, with the recent slide from the mid-160s leaving momentum tilted lower. A break below the 157-158 support shelf would open a retest of 155-156, while a reclaim of 160-161 would put the range highs back in focus; bank forecasts are split, with MUFG looking for 158 by year-end versus Goldman Sachs and J.P. Morgan nearer 163-164, underscoring genuine two-way risk for the Japanese Yen forecast this week.
AUD/USD
Fundamental Backdrop
AUD/USD is consolidating near a 10-week high around 0.7160-0.7175 as broad US Dollar softness, linked in part to reports the US Treasury may lean more on its cash account to fund debt buybacks, continues to support commodity-linked currencies. The Aussie’s resilience through Monday’s Asia tech selloff and Tuesday’s renewed Kospi weakness underscores a degree of decoupling from broader regional risk sentiment, though the pair remains sensitive to any fresh AI-infrastructure jitters ahead of Nvidia’s earnings.
Technical Outlook
The breakout above the prior range has extended to fresh multi-week highs, with short-term momentum still constructive. Support has built in the 0.7080-0.7110 zone, with a deeper pullback opening 0.7020-0.7040; on the upside, a clean push through 0.7200 would put the year’s highs back in view, with Friday’s Jackson Hole keynote and this week’s US PCE data the key sources of two-way risk.
Copper
Fundamental Backdrop
Copper has eased to around $6.60/lb after LME-monitored inventories climbed roughly 16% above their February low and SHFE-monitored stocks jumped 28.4% last week, easing near-term supply-tightness concerns and narrowing the LME cash premium. That said, Zijin Mining’s warning that flooding at the Kamoa-Kakula complex in the Democratic Republic of Congo could cut its 2026 copper output by as much as 57,000 tonnes is a reminder that the structural supply picture remains tight, keeping dip-buyers interested.
Technical Outlook
Copper remains in a broader uptrend despite the pullback, with support building around $6.30-$6.40 and a confirmed break below opening $6.05-$6.15. A reclaim of $6.70-$6.85 would put the recent highs back in focus, with China demand data and any further Kamoa-Kakula developments the key swing factors this week.
Corn
Fundamental Backdrop
Corn has pushed to a fresh 52-week high near 517.88¢/bushel after the Pro Farmer Crop Tour reported below-average yields across Illinois, western Iowa and several other key Midwest states, raising doubts over USDA’s national yield estimate. Continued disruption to Black Sea grain shipments and a historically weak French harvest are adding a further geopolitical and weather premium, even as strong US export commitments — already 24% ahead of last year — underpin demand.
Technical Outlook
Momentum remains firmly bullish after the multi-week rally, with the daily buy/sell signal reading Strong Buy on most technical models. Support sits near 505-509¢, with a deeper pullback opening 495-499¢; having already cleared the prior 509¢ high, a continuation above 520-522¢ would open fresh multi-year territory, with this week’s USDA export data and any further Crop Tour headlines the key catalysts.
Nikkei 225
Fundamental Backdrop
The Nikkei 225 has rebounded to around 65,835.50, up modestly from Monday’s 0.74% decline to 65,528.09, as a partial bounce in AI- and chip-linked names including Advantest, Kioxia and Fujikura brings the index back toward its recent supply zone ahead of Nvidia’s earnings after Wednesday’s US close. Elevated global bond yields and lingering uncertainty over the pace of AI-infrastructure capex translating into earnings continue to cap the upside, even as broader Japanese fundamentals, including a still-wide US-Japan rate differential, remain constructive longer term.
Technical Outlook
The index is testing the underside of its record highs near 66,000-plus set earlier this month, with the bounce running into the 65,900-66,300 resistance band. Support sits near 64,700-65,100, with a deeper break opening 63,800-64,200; a confirmed close above 66,300 would put fresh record highs back in view, with Nvidia’s earnings and Friday’s Jackson Hole keynote the clearest swing factors for the Nikkei 225 forecast this week.
Litecoin
Fundamental Backdrop
Litecoin is holding near $52, up around 17% over the past week and shrugging off Monday’s tech-led risk aversion, as it rides the same broad liquidity tailwind lifting Solana and the wider altcoin complex. Trading volumes have picked up meaningfully alongside the move, with buyer-seller balance roughly even, suggesting the rally has room to extend if the broader crypto bid holds through this week’s macro catalysts.
Technical Outlook
The pair has broken out of its multi-week base, with the move so far unfolding on rising volume, a constructive sign for trend continuation. Support has built near $49-$50, with a deeper pullback opening $46-$47; a push through the $54-$55 resistance shelf would put the year’s highs back in focus, with broader risk sentiment around Nvidia’s earnings the key swing factor.
Solana
Fundamental Backdrop
Solana is extending a powerful breakout past $101, up more than 25% over the past week, driven by sustained inflows into Bitwise’s and Fidelity’s spot Solana ETFs, continued corporate-treasury accumulation from issuers like Forward Industries, and network-level catalysts including a proposal to significantly increase daily SOL burns. Sentiment gauges are firmly in “Greed” territory, a reminder that near-term pullbacks are a genuine risk after such a sharp run.
Technical Outlook
SOL has broken decisively above its prior multi-month resistance and cleared the closely watched $100 level, with the pair now testing resistance near $103-$105. Support has built near $97-$99, with a deeper correction opening $92-$94; a confirmed close above $105 would open a path toward $110-$115, with broad crypto-market risk appetite around Nvidia’s earnings and Jackson Hole the main swing factors this week.
Asian Session FAQ
Answers to the questions traders are asking about today’s Asia stock market outlook
Why is the Kospi falling again after Monday’s selloff?
Why have Bank of Japan September rate-hike odds jumped so sharply?
What is the USD/JPY forecast today, and why has the pair turned bearish?
Why is Copper falling even though supply risks are building in the Congo?
Why is Corn trading near 52-week highs?
Why is the Nikkei 225 underperforming ahead of Nvidia’s earnings?
Why are Solana and Litecoin rallying while equities are under pressure?
What should traders watch for the rest of the week?
Asian Session Summary — Tuesday, 25 August 2026 (Live Update)
Tuesday’s Asian session is extending Monday’s tech-led caution as positioning ahead of Nvidia’s Wednesday earnings dominates the tape across the region. The Nikkei 225 near 65,835.50 has rebounded into its recent resistance zone as AI- and chip-linked names see a partial bounce, while South Korea’s Kospi has extended its Alibaba-and-Samsung-driven rout with a further 2.4-2.7% decline; Hong Kong’s Hang Seng near 25,517 and China’s Shanghai Composite near 3,882 are comparatively little-changed, and Australia’s ASX 200 is the regional outperformer, up around 0.4-0.6%. In FX, the Japanese Yen is firmer, with USD/JPY easing toward 159.00-159.30 after prediction-market odds of a 25-basis-point BOJ hike in September jumped to roughly 84%, while AUD/USD is holding near 10-week highs around 0.7165 on broad US Dollar softness. In commodities, Copper near $6.60/lb has retreated on exchange inventory builds even as flooding at the Kamoa-Kakula complex in the Democratic Republic of Congo threatens meaningful supply losses, while Corn near 517.88¢/bushel sits at a fresh 52-week high on Pro Farmer Crop Tour drought findings and Black Sea disruption. Crypto markets are the session’s standout, with Solana near $101.50 extending a powerful multi-week rally past $100 on ETF inflows and Litecoin near $52.20 holding a roughly 17% weekly gain. Highest-conviction session idea: fade Nikkei and Kospi-proxy rallies into the Nvidia-earnings overhang, but size cautiously — Wednesday’s US GDP/PCE data and Friday’s Jackson Hole keynote from Fed Chair Kevin Warsh are genuine sources of two-way risk that could overwhelm today’s tech-specific story.
For the individual instruments: USD/JPY sell rallies toward 160.00, stop 161.50, target 156.50 — the sharp jump in BOJ September hike odds is a genuine headwind for the pair, though bank forecasts remain genuinely split and Friday’s Jackson Hole keynote is a real source of two-way risk. AUD/USD buy dips toward 0.7100, stop 0.7040, target 0.7280 — broad Dollar softness is a genuine tailwind, though any Nvidia-earnings-driven risk-off spillover is a real source of two-way risk. Copper buy dips toward $6.40, stop $6.20, target $6.85 — the structural Kamoa-Kakula supply risk is a genuine tailwind, though further exchange inventory builds are a real source of two-way risk. Corn buy dips toward 498.00¢, stop 485.00¢, target 525.00¢ — Crop Tour drought findings and Black Sea risk are a genuine tailwind, though any harvest upgrade is a real source of two-way risk. Nikkei 225 sell rallies toward 66,100, stop 66,650, target 64,700 — AI-stock positioning ahead of Nvidia earnings is a genuine headwind, though a strong beat-and-raise print is a real source of two-way risk. Litecoin buy dips toward $49.50, stop $46.50, target $57.00 — broad crypto liquidity tailwinds are a genuine tailwind, though tech-led risk aversion spillover is a real source of two-way risk. Solana buy dips toward $97.00, stop $92.50, target $112.00 — sustained ETF inflows are a genuine tailwind, though the sharp run-up leaves the pair vulnerable to a near-term pullback as a real source of two-way risk. The decisive variables for the remainder of the week are Wednesday’s Nvidia Q2 FY2027 earnings and US Q2 GDP/PCE data, followed by Fed Chair Kevin Warsh’s first Jackson Hole keynote on Friday, 28 August, alongside the BOJ’s rapidly repricing rate-hike trajectory shaping the Japanese Yen forecast this week. Size positions accordingly, and note that today’s backdrop carries genuine event risk that could reshape sentiment sharply as the week progresses.
Ready to act on today’s setups? Open an Account with Capital Street FX and trade every instrument covered in this report on our Zero Account‘s 0.0 Pips Spreads and 1:10000 Leverage, across 2000+ Instruments, with a welcome deposit bonus and 24/7 Live Support on hand for every session.
Not sure which account fits your style? Compare our Account Types side by side with our Account Comparison tool, browse current Promotions / Bonus offers, and trade from our Trading Platform suite. Funding is simple via our Deposit & Withdrawal options. For ongoing coverage, explore our Forex Analysis Pages, Commodity Analysis Pages and Crypto Analysis Pages, plus our Daily Market Analysis and Weekly Market Analysis reports and the full Economic Calendar. New to trading? Visit our Trading Education / Blog, or reach our Contact Us / Live Support team any time.
Access Live Asian Markets →
