🌅✨ Morning Update – 03.10.2025 ✨🌅 📈 Asia-Pacific markets opened cautiously positive: 🇯🇵 JP225 +1.60% 🇦🇺 AU200.cash +0.66% 🇸🇬 SG20.cash +0.10% 🇨🇳 Chinese futures slightly softer, with the cash market still closed for holidays. 💵 U.S. Policy Buzz President Trump is considering $1,000–2,000 cheques for all taxpayers, funded by tariffs. Critics argue this clashes with earlier promises to cut the deficit. 🇯🇵 Japan in Focus BoJ Governor Ueda stuck to a flexible, data-dependent stance ahead of the meeting. • JPY is today’s weakest G10 currency (−0.20% to −0.30%) • USD/JPY trades higher at 147.33 (+0.33%) • Japan’s unemployment ticked up to 2.6% (vs 2.4% forecast) • Jobs-to-applicants ratio eased to 1.20 Ueda flagged slower growth and early signs of weaker household spending amid rising food prices. 📊 U.S. Data & Fed The September NFP release may be delayed, but speeches today from Fed officials (Williams, Goolsbee, Miran, Logan, Jefferson) will be closely watched. Markets still expect a 25 bp cut later this month. 🇦🇺 Australia PMI September PMI slipped: manufacturing 51.4 (prev. 53.0), services 52.4 (prev. 55.8), composite 52.4 (prev. 55.8). Activity remains in expansion (>50), but momentum slowed to the weakest since June. 🌟 Stay tuned with NordFX for the latest insights and opportunities in global markets! 🚀