Just now, Ueda Kazuo finished talking, and contrary to the previous hawkish interest rate cuts by the Federal Reserve, he is taking a dovish interest rate hike approach. This once again verifies that the Bank of Japan is the market perspective of the Federal Reserve branch.

Ueda Kazuo is also playing the same game as Powell, tightening the hand while loosening the mouth, applying a reverse hedging strategy for balance. Physically, he has tightened the money supply (interest rate hike), but psychologically, he has injected the market with 'easing anesthetics' again.

Just now, the USD/JPY briefly rose to 156.37. As long as the yen does not rise and instead falls, this is the most desired scenario for risk assets, including the cryptocurrency market.

As long as the yen continues to fall or remains weak, it means that the cost of borrowing in yen is still very low, and at this time, repaying yen-denominated debt will result in 'paying back less' due to exchange rate depreciation. Carry traders can continue.

Global capital giants and hedge funds will continue to borrow depreciated yen, exchange it for dollars, and then buy high-volatility, high-return assets. Bitcoin and technology stocks are the first choices.

You can simply think of yen depreciation as a positive for the risk market. The USD/JPY exchange rate of 152 is a key level for both bulls and bears. As long as it does not break 152, one can consider the yen to be in a weak range #比特币流动性 #美国非农数据超预期 #巨鲸动向 $BTC .