Asiaโs markets rallied as the Bank of Japanโs historic rate hike to 1.00%โits highest level since 1995โcombined with a USโIran peace agreement that eased geopolitical tensions and sent oil prices to three-month lows. The Nikkei 225 surged above 70,000 for the first time, fueled by strong semiconductor demand, foreign inflows, and improving risk sentiment. Despite the BoJโs tightening move, USD/JPY remained elevated near 160.31 as traders awaited the Federal Reserveโs policy decision and Chair Kevin Warshโs first FOMC press conference. Commodities reflected the โpeace dividend,โ with oil, aluminium, and corn extending losses, while gold climbed toward $4,347. In crypto markets, Bitcoin held above $65,800 and Chainlink gained momentum, while Dogecoin continued to lag near yearly lows. Investors now look to the FOMC for guidance on rates, inflation, and the future direction of global risk assets.