During the Asian session on Friday (August 28th), the US dollar index fell, commodity currencies continued to rise, and the Australian dollar hit a 19-month high. As the economy continued to recover, the market risk appetite generally recovered. At the same time, ANZ raised its forecast for the Australian dollar against the US dollar. Spot gold bottomed out by more than USD 20, and USD/JPY dropped by more than 80 points, once hitting a two-week high in intraday trading, because the market had expected Japanese Prime Minister Shinzo Abe to show his will to continue to serve as prime minister. However, according to a recent report by the Japan Broadcasting Association TV station on the 28th, Shinzo Abe has basically decided to resign as prime minister of Japan for his own health reasons, and will hold a press conference today to explain in detail. This trading day is mainly concerned with the rumors of Japanese Shinzo Abe's resignation. Japanese Prime Minister Shinzo Abe will hold a press conference at 16:00 Beijing time, and the Governor of the Bank of England will give a speech in the evening. Review of Asian Time Market

During the Asian session, the Australian dollar rose sharply against the US dollar, and the exchange rate is now reported at 0.7292, an increase of 0.45%; Commodity currencies continued to rise, and the Australian dollar hit a 19-month high. As the economy continued to recover, the market risk appetite generally picked up, and the US dollar continued to fall. At the same time, ANZ raised its expectation of the Australian dollar against the US dollar; In view of the stability of the Reserve Bank of Australia and the good economic recovery in China, the Australian dollar should maintain a relatively good performance. In the long run, investors should buy the Australian dollar on dips; At the same time, the positive correlation between the Australian dollar and global stock markets is expected to remain unchanged, which means that if the current stock market upward trend continues in the next few months, the Australian dollar will benefit. During the Asian session, the US dollar fell back by more than 80 points against the Japanese yen, and the exchange rate is now reported at 106.4, a decrease of 0.16%; The USD/JPY once hit a two-week high, because the market had predicted that he would show his willingness to continue to serve as prime minister. However, according to a recent report by the Japan Broadcasting Association TV station on the 28th, Shinzo Abe has basically decided to resign as prime minister of Japan for health reasons, and will hold a press conference today to explain in detail. Abe went to Keio University Hospital on 17th and 24th of this month. Because he has been entangled with the chronic disease "ulcerative colitis" for a long time, he has been hospitalized again and again recently. His health condition and even his political future have aroused great concern. During the Asian session, spot gold bottomed out by more than 20 US dollars, and spot gold is now reported at 1943.86 US dollars/ounce, an increase of 0.74%; Spot gold continued its intraday gains and traded at a high level above $1,940. The Fed's dovish position has not changed, but the long-term nominal interest rate may face upward pressure, which may cause some resistance to the future rise of gold prices, but the rebound of inflation expectations will benefit the further decline of the gold-silver ratio. And it was rumored that Japanese Prime Minister Shinzo Abe would resign, which superimposed the existing market demand for safe haven before the weekend and pushed the gold price to continue to be supported. During the Asian session, the international oil price fluctuated at a high level, and US oil was now reported at 43.01 US dollars/barrel, a decrease of 0.07%; Brent crude oil is now reported at 45.66 US dollars/barrel, an increase of 0.13%; Hurricanes that swept through the core areas of the oil industry in Texas and Louisiana in the United States were not as strong as expected. Stephen Innes, market strategist of AxiCorp, said in a report that the loss assessment is still going on, and it is not surprising that the oil price drops slightly after the storm unless the oil production infrastructure is continuously damaged. Before the storm, American producers had shut down 1.56 million barrels per day of crude oil production capacity, accounting for 83% of the total production capacity in the Gulf of Mexico. Nine other refiners have shut down their production capacity of about 2.9 million barrels per day, accounting for 15% of the US refining capacity. On Thursday night, Houston Port was preparing to restart commercial transportation. The port is the largest crude oil export hub in the United States, with a transportation capacity of about 600,000 barrels per day. In terms of refining business, sources said that ExxonMobil is preparing to restart the refinery with a processing capacity of 369,000 barrels per day in Beaumont, Texas. Overview of Asian stock markets