Asian trading sessions kicked off with mixed sentiment this morning. Interesting dynamics at play here.

US markets actually pushed higher yesterday despite—or perhaps because of—weaker-than-expected jobs numbers. That soft employment data's got traders betting the Fed might pivot sooner on rate cuts. Classic inverse correlation stuff.

The rate-cut speculation is heating up again. When labor market cools, central banks typically get more room to ease policy. Markets love that narrative, obviously.

What we're seeing across Asian bourses right now? No clear directional bias. Some indices climbing on the dovish Fed hopes, others pulling back as investors digest what weaker US employment actually means for global demand.

Macro setup's getting complex. Goldilocks scenario would be job market cooling just enough to trigger rate cuts, but not so much that it signals recession risks. Markets trying to figure out which side of that line we're on.

Worth watching how this sentiment shift plays out through the week. Currency markets reacting too—dollar softness creating some interesting cross-asset opportunities.