Wall Street's rally is setting the stage for Asian markets to follow suit, riding on a mix of tailwinds that have traders feeling more upbeat. The strongest pull? Fresh US economic data that's beating expectations. Add in some relief on the geopolitical front—tensions have visibly cooled—and you've got renewed appetite for risk.

Gold and silver hitting record highs is another signal worth noting. When precious metals surge, it often reflects shifting investor sentiment about inflation, currency stability, and macro conditions. All of these matter for how capital flows across different assets, including crypto.

Meanwhile, all eyes are on the Bank of Japan's next rate decision. Central bank moves, even from countries outside the US, ripple through global markets. A hawkish or dovish tilt can shift currency dynamics, which in turn affects cross-border flows. At the same time, corporate earnings season is kicking into gear—companies reporting actual numbers will either validate the rally or expose cracks underneath the surface. It's shaping up to be a pivotal week for risk appetite.