The Federal Reserve's "not so hawkish" rate cut has just taken effect, and now the market's attention shifts to Japan—how dovish will this rate hike be?

Honestly, besides the data itself, what's more intriguing is the timing. The long-standing government shutdown turmoil has finally subsided, and now we can once again be tortured by economic data and policy news. To some extent, does this count as a return to normal?

Whether it's cutting or raising rates, how the current policy combination is deployed will directly determine the flow of funds and market sentiment moving forward. The era where data reigns supreme has returned.