Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
The Japanese Yen plummeted to an 18-month low, and US Treasury Secretary Janet Yellen suddenly made a move. Recently, this gentleman met with Japanese Finance Minister Shunichi Suzuki, and their words were all about: with such volatile exchange rate fluctuations, just issuing statements won't solve the problem.
This stance seems mild on the surface but hides a deadly threat. On one hand, it signals the green light for the Bank of Japan to intervene in the exchange rate; on the other hand, it says—don't mess around, you need hard currency. What is this hard currency? Rate hikes.
Currently, the Bank of Japan has pushed interest rates to 0.75%, but this pace is too slow. The logic from the US side is clear: the yen is so cheap because interest rates are too low. Why isn't capital flowing into Japan? No returns. Only by raising interest rates can money stay, and the exchange rate stabilize.
From a market perspective, this is US pressure. Since they said "excessive volatility is not acceptable," Japan will definitely need to act in the short term. Short sellers might exit, and the yen could rebound. But how long can this last? It all depends on whether the Bank of Japan's resolve to hike rates keeps up.
If it's just superficial, intervention will ultimately be futile—the yen will continue to depreciate. But if they truly start tightening policies, the situation can reverse. This kind of game has an impact on the entire forex market, and the crypto market should also pay attention to this macro wave.
#数字资产市场动态 $ETH
$ICP